Posts
September 2018
How consumers could cash in from the National Energy Market using Demand Response
The Australia Institute, Total Environment Centre, and the Public Interest Advocacy Centre have submitted a rule change request to AEMC, with support from Energy Consumers Australia. One of the largely unknown features of our national electricity system is that anyone is entitled to submit a request to reform the market rules. The Australia Institute has
7 reasons why using ‘environmental water’ for farming is a really bad idea.
Bad for the environment, bad for irrigators’ rights, not helpful for the farmers it is supposed to help — in a competitive field, this is truly one of the worst water policy ideas of recent times. Much of Australia is experiencing drought, so why don’t we give farmers water that would just be ‘wasted’ on the environment? That’s the
An Open Letter to the Western Australian Government calling for permanent ban on fracking
PDF of Open Letter can be downloaded in full here. Full text of open letter and list of signatories below. Dear Premier and Ministers of the Government of Western Australia — Unconventional oil and gas development in Western Australia should not go ahead under any circumstances. The consequences of global warming are already extremely serious;
Climate of the Nation 2018 wrap
The annual Climate of the Nation report has tracked Australian attitudes on climate change for over a decade. This is the first Climate of the Nation report produced by The Australia Institute, after being produced for a decade by the Climate Institute. Key findings > 73% of Australians are concerned about climate change, up from
As of September, Gas & Coal Power Plants have broken down 100 times so far in 2018
On average, that’s one gas & coal plant breakdown every 2.4 days. Above: Yallourn W Power Station, image used under Creative Commons license. The Australia Institute’s Gas & Coal Watch has been tracking gas and coal power plant breakdowns, and as of 2 September 2018, has recorded 100 such breakdowns this calendar year. So we crunched the
August 2018
Remember, economic debates should still be democratic.
Dr Richard Denniss, Chief Economist of The Australia Institute, joins JOY radio to discuss: What happens if… we rebuild the economy? “I think we’re at a really interesting point in Australian politics,” says Dr Richard Denniss, Chief Economist of the Australia Institute. Deniss has joined JOY radio’s Dan Roberts & Jan Di Pietro to talk about the economy. He highlights,
Medibank Private – reported full year results on 24 August 2018
New analysis by The Australia Institute shows that based on Medibank Private’s annual report, the company tax cut would be a $554.9 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 628.3 Company tax 2017-18 183.2 Benefit from company tax cut based
Coca-Cola Amatil – reported half year results on 22 August 2018
New analysis by The Australia Institute shows that based on Coca-Cola Amatil’s annual report, the company tax cut would be a $201.7 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 232.1 Company tax 2017-18 66.6 Benefit from company tax cut based
Sydney Airport – reported half year results on 22 August 2018
New analysis by The Australia Institute shows that based on Sydney Airport’s annual report, the company tax cut would be a $65.4 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 194.8 Company tax 2017-18 21.6 Benefit from company tax cut based
Seven Group – reported full year results on 22 August 2018
New analysis by The Australia Institute shows that based on Seven Group’s annual report, the company tax cut would be a $192.3 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 468.7 Company tax 2017-18 63.5 Benefit from company tax cut based
Lendlease – reported full year results on 22 August 2018
New analysis by The Australia Institute shows that based on Lendlease’s annual report, the company tax cut would be a $825.7 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 1,066.2 Company tax 2017-18 272.6 Benefit from company tax cut based on
Big Four Banks
New analysis by The Australia Institute shows that based on the big four banks’ reporting, the company tax cut would be a $39.49 billion gift over the first decade of the cut to just these four companies. Big Four Banks $ million Profit 2017-18 44,262 Benefit from company tax cut based on 2017-18 profit 2,173
The 3 key arguments for the company tax cut make no economic sense, here’s why.
We often hear the government’s company tax cuts are ‘good for the economy,’ but are they? The argument goes something like this: ‘everyone else is cutting company tax rates, if we don’t match their cuts no one will invest in Australia, we’ll lose money and jobs and wages will decline.’ That sounds bad. But what does
NIB Holdings – reported full year results on 20 August 2018
New analysis by The Australia Institute shows that based on NIB Holdings’s annual report, the company tax cut would be a $178.1 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 192.3 Company tax 2017-18 58.8 Benefit from company tax cut based
Fortescue – reported full year results on 20 August 2018
New analysis by The Australia Institute shows that based on Fortescue’s annual report, the company tax cut would be a $1.523 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million (converted from US$) Profit 2017-18 1,705.7 Company tax 2017-18 502.8 Benefit from company tax
Woolworths Group – reported full year results on 20 August 2018
New analysis by The Australia Institute shows that based on Woolworths Group’s annual report, the company tax cut would be a $2.175 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 2,394 Company tax 2017-18 718 Benefit from company tax cut based
Goodman Group – reported full year results on 17 August 2018
New analysis by The Australia Institute shows that based on Goodman Group’s annual report, the company tax cut would be a $249.6 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 1,185.2 Company tax 2017-18 82.4 Benefit from company tax cut based
Telstra – reported full year results on 16 August 2018
New analysis by The Australia Institute shows that based on Telstra’s annual report, the company tax cut would be a $4.765 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 5,102 Company tax 2017-18 1,573 Benefit from company tax cut based on
QBE – reported half year results on 15 August 2018
New analysis by The Australia Institute shows that based on QBE’s annual report, the company tax cut would be a $87.8 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 394.0 Company tax 2017-18 29.0 Benefit from company tax cut based on
ASX Limited – reported full year results on 16 August 2018
New analysis by The Australia Institute shows that based on ASX Limited’s annual report, the company tax cut would be a $596.7 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 642.1 Company tax 2017-18 197.0 Benefit from company tax cut based
Wesfarmers – reported full year results on 15 August 2018
New analysis by The Australia Institute shows that based on Wesfarmers’s annual report, the company tax cut would be a $3.77 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 3,850 Company tax 2017-18 1,246 Benefit from company tax cut based on
CSL Limited – reported full year results on 15 August 2018
New analysis by The Australia Institute shows that based on CSL Limited’s annual report, the company tax cut would be a $1.67 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 2,281 Company tax 2017-18 552 Benefit from company tax cut based
Woodside – reported half year results on 15 August 2018
New analysis by The Australia Institute shows that based on Woodside’s annual report, the company tax cut would be a $1.76 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 (Twice half year result) 1,740 Company tax 2017-18 (Twice half year result)
Insurance Australia Group Limited – reported full year results on 15 August 2018
New analysis by The Australia Institute shows that based on Insurance Australia Group Limited’s annual report, the company tax cut would be a $1.2 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 1,410.0 Company tax 2017-18 384.0 Benefit from company tax
Domino’s Pizza Enterprises Limited – reported full year results on 14 August 2018
New analysis by The Australia Institute shows that based on Domino’s Pizza Enterprises Limited’s annual report, the company tax cut would be a $159.9 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 174.5 Company tax 2017-18 52.8 Benefit from company tax
Whitehaven – reported full year results on 14 August 2018
New analysis by The Australia Institute shows that based on Whitehaven’s annual report, the company tax cut would be a $711 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 760 Company tax 2017-18 235 Benefit from company tax cut based on
JB Hifi – reported full year results on 13 August 2018
New analysis by The Australia Institute shows that based on JB Hifi’s annual report, the company tax cut would be a $306.8 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 334.5 Company tax 2017-18 101.3 Benefit from company tax cut based
Aurizon – reported full year results on 13 August 2018
New analysis by The Australia Institute shows that based on Aurizon’s annual report, the company tax cut would be a $296.8 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 326.0 Company tax 2017-18 98.0 Benefit from company tax cut based on
Bendigo and Adelaide Bank – reported full year results on 13 August 2018
New analysis by The Australia Institute shows that based on Bendigo and Adelaide Bank’s annual report, the company tax cut would be a $605.8 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 634.5 Company tax 2017-18 200 Benefit from company tax
To Federal ICAC or not to Federal ICAC?
Richard Denniss and Senator Kristina Keneally catch up to discuss whether Australia needs a Federal ICAC on The Lucky Country podcast. Arguments for a national corruption watchdog have been percolating in the Australian political landscape for the last few years. Our polling shows that 85% of Australians believe there is corruption in federal politics at a time when
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