Articles
August 2018
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
AGL – reported full year results on 9 August 2018
New analysis by The Australia Institute shows that based on AGL’s annual report, the company tax cut would be a $2.011 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 2,251 Company tax 2017-18 664 Benefit from company tax cut based on
Suncorp – reported full year results on 9 August 2018
New analysis by The Australia Institute shows that based on Suncorp’s annual report, the company tax cut would be a $1.53 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 1,564 Company tax 2017-18 505 Benefit from company tax cut based on
Commonwealth Bank – reported full year results on 8 August 2018
New analysis by The Australia Institute shows that based on Commonwealth Bank’s annual report, the company tax cut would be a $12.195 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch Commonwealth Bank $ million Profit 2017-18 13,420 Company tax 2017-18 4,026 Benefit from company tax
AMP – reported half year results on 8 August 2018
New analysis by The Australia Institute shows that based on AMP’s annual report, the company tax cut would be a $308.95 million gift over the first decade of the cut to just this one company. Return to Revenue Watch AMP $ million Profit 2017-18 340 Company tax 2017-18 102 Benefit from company tax cut based
Rio Tinto – reported half year results on 1 August 2018
New analysis by The Australia Institute shows that based on Rio Tinto’s half year report, the company tax cut would be a $7.67 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch Rio Tinto $ million Worldwide Income 2017-18 54,844 Profit 2017-18 19,699 Company tax 2017-18
Introducing Revenue Watch
This August, The Australia Institute will be launching our latest initiative: Revenue Watch.
July 2018
Possibly Surprising Insights on the Future of Work
Trade unionists are gathering this week at the ACTU’s triennial Congress in Brisbane. Jim Stanford, Director of the Centre for Future Work, participated in a panel on the Future of Work (an apt title!) at the Congress.
Deconstructing the case for coal
There have been some exaggerated claims about future prospects for coal fired power plants lately — Australia Institute research shows these claims are based on misunderstandings, so lets get clear about coal. Commentators and politicians have recently called for renewed investment in coal-fired power generation, including calls for the government to build a new power station in the
Centre for Future Work at #ACTUCongress18
Trade unionists from across Australia are gathering in Brisbane this week for the 2018 Congress of the Australian Council of Trade Unions. And the Centre for Future Work will be there!
Taxes or Wages: What’s the best way to address inequality?
Richard Denniss, Waleed Aly and Scott Stephens ask the question: is taxation overvalued as a way of addressing inequality? Full interview on The Minefield. Australians are some of the richest people in the world, living at the richest point in world history — but we feel poorer than ever, even after 27 years of economic growth. So how
In defence of the role think-tanks play in public debate
You may have read Miranda Devine’s recent Daily Telegraph piece, criticising The Australia Institute’s research and contribution to the company tax debate. Ben Oquist, Executive Director of The Australia Institute responded in a follow-up piece published in the Daily Telegraph on July 6 which we have reproduced below. Above: Executive Director of The Australia Institute, Ben
June 2018
The whole of the government’s income tax plan has passed the parliament. So, what does that mean?
The government says their income tax cuts create a fair tax plan that rewards ‘aspiration’ and fights bracket creep. The opposition is telling people that it’s a tax cut for the rich. So what will this income tax cut actually do? The overall impact: First, let’s look at who wins from this tax plan. Overall the
Cutting through the Company Tax Cuts Guff
Below you will find all research papers on company tax cuts produced by The Australia Institute to date [updated 25.06.18] The big four banks get an extra $7.4 billion dollars: Australia’s big four banks are some of the most profitable banks in the world and are the big winners here, getting an extra $7.4 billion dollars in the first 10
Super-Powering Past Coal: Renewables Cheaper than Coal-as-Usual
What does the new long-term energy forecast from Bloomberg New Energy mean for Australia? Dan Cass take a look. The new long-term energy forecast by Bloomberg New Energy roasts all those gloomy predictions made by former deputy PM Barnaby Joyce. The headline says it all, ‘Renewables can make Australia a cheap energy superpower again’. BNEF’s detailed forecasts for Australia
Tax cuts by electorate
Read the full report: 2018 tax cuts by electorate. Table of electorates Rank Electorate Percentage of average Party 1 Wentworth 192% LIB 2 North Sydney 180% LIB 3 Warringah 172% LIB 4 Sydney 167% ALP 5 Melbourne Ports 160% ALP 6 Higgins 159% LIB 7 Bradfield 158% LIB 8 Kooyong 156% LIB 9 Grayndler 154% ALP
The Dimensions of Insecure Work in Australia
Less than half of employed Australians now hold a “standard” job: that is, a permanent full-time paid job with leave entitlements. That’s the startling finding of a new report on the growing insecurity of work published by the Centre for Future Work.
May 2018
A Comprehensive and Realistic Strategy for More and Better Jobs
The Australian Council of Trade Unions has released a major policy paper outlining an ambitious, multi-faceted program to address the chronic shortage of work, and the steady erosion of job quality, in Australia. The full paper, Jobs You Can Count On, is available on the ACTU’s website. It contains specific proposals to stimulate much stronger job-creation, reduce unemployment and underemployment, improve job quality (including through repairs to Australia’s industrial relations system), and ensure that all communities (including traditionally marginalised populations like indigenous peoples, women, youth, and people with disability) have full access to the decent work opportunities that the plan would generate.
Request for audit: Supply measures projects – Murray Darling Basin Plan
4 May 2018 Dear Auditor-General, Supply measure projects We refer to the proposed amendment to the Murray-Darling Basin Plan. That amendment is based on 36 ‘supply measure’ projects. Supply measures aim to achieve the same environmental outcome as under the original Basin Plan, but using less water. The Commonwealth has committed $1.6 billion to implement these supply measures. The
Request to Audit: Allegations concerning the purchases of water for environmental flows in the Murray-Darling Basin
The Auditor-General has received correspondence from Senators Patrick, Griff, Hanson-Young and Bernardi, Ms Rebekha Sharkie MP and the Hon. Tony Burke MP dated 24 April 2018, requesting that the Auditor-General conduct an investigation to examine the purchases of water for environmental flows in the Murray-Darling Basin. This request is under consideration and the response will
April 2018
Why the rest of Australia should be thanking South Australians
The company tax cuts represents a choice. $65 billion dollars to business means billions less investment in community services, nation-building infrastructure, R&D or jobs training. What we know is that the Government has had to put this legislation on hold when they could not find enough support to pass the legislation in the Senate. The
What’s really undermining the reliability of the national grid? Victoria’s brown coal plants.
Victoria’s brown coal power plants are a liability for the National Electricity Market, and they’re just going to get worse. Victoria’s brown coal power plants are a liability for the National Electricity Market. Over the 2017–18 summer, The Australia Institute Climate & Energy Program’s Gas & Coal Watch found 16 major breakdowns at Victoria’s three brown
General Enquiries
Emily Bird Office Manager
mail@australiainstitute.org.au
Media Enquiries
Glenn Connley Senior Media Advisor
glenn.connley@australiainstitute.org.au