December 2015
Warringah Polling on Abbott’s Retirement Plans, GST Increase and 100% Renewables
Most voters in former Prime Minister Tony Abbott’s electorate want him to retire at the next election, according to new polling conducted by ReachTEL for The Australia Institute as part of research about tax and climate change issues. “The polling indicates that the electorate is quickly moving on from the Tony Abbott era,” said Ben Oquist,
Company tax cuts $27B hit to Government revenue: Report
New research by The Australia Institute examines proposals to cut company tax rates. A report from The Australia’s Institute’s senior research fellow David Richardson analyses the effect of cutting the company tax rate from 30% to 25% and finds that: Federal Government revenue would be down almost $27 billion over the next decade Australia’s four
November 2015
Costings reveal Pension Loan Scheme could unlock billions for retirees
New costings from the Parliamentary Budget Office show the government could help retirees boost their own incomes at nearly no cost to the budget by making the Pension Loans Scheme (PLS) available to all who wish to use it. The costings complement research by The Australia Institute which made the economic case for expanding the
Make other plans – Today is national Go Home On Time Day
Go Home On Time Day is a national initiative which encourages employers and employees to raise awareness of the importance of a healthy work-life balance.
The fact free debate on trade deals
Recent Australian Free Trade Agreements (FTAs) over promise and under deliver. Analysis by The Australia Institute of FTAs past and proposed reveals that claims of job creation and economic growth contradict available data. On Monday the Senate will debate the China-Australia Free Trade Agreement (ChAFTA). On Friday last week the text of the Trans Pacific
Homeshare: It’s on for young and old
Australians are getting older and almost all of us want to live in our homes for as long as we can. But can we afford the services that will keep us living at home? Research released today by The Australia Institute shows that around 80 per cent of Australians are worried that they won’t be
September 2015
Australian public support environmental advocacy
The mining and forestry lobby campaign to remove tax-deductibility for certain non-for-profit organisations they deem contrary to their business interests, does not have the support of the Australian public, according to new polling. Hearings are ongoing in the Government’s inquiry into the administration, transparency and effectiveness of the Register of Environmental Organisations. Many Coalition politicians
Former Ministers Smith and Street best foreign aid records over last 40 years
The new report Charity ends at home: The decline of foreign aid in Australia examines the history of Australia’s Official Development Assistance scheme – known as foreign aid. The research by The Australia Institute, in collaboration with Jubilee Australia Research Centre, outlines that the former Labor Minister, Stephen Smith, and Liberal Minister from the 70’s,
No taxpayer coal bank: Polls show Australians back subsidies switch
As new Resources and Energy Minister Josh Frydenberg announces that the $5 billion Northern Australia fund could be used to subsidise coal projects, including the Adani mine in the Galilee, research shows support ranging from 65% to 78% for a policy shift. According to a series of polls, commissioned by The Australia Institute as part
Shipwrecked: New laws to wipe out 93% of Australian coastal seafaring jobs
Cost Benefit Analysis (CBA) of government bill estimates only 88 Australian seafarer jobs will remain under the Department’s preferred option for policy change (table below). This represents a loss of 1,089 Australian seafarer jobs, or 93 per cent of the current workforce. A submission to the inquiry into Shipping Legislation Amendment Bill 2015 by The
August 2015
Treasurer brings welcome reality check on Adani coal mine
The Queensland Treasurer, Curtis Pitt, has brought a welcome reality check to discussion about the Adani coal mine, pointing out the danger of overstating the importance of the mine to the state’s economy. Queensland has workforce of 2.3 million people. Adani’s own economic expert has said the mine will create around 1400 jobs, or a
The 0.4%
The Abbott Government’s move against environmental law is an unjustified overreaction according to a review of legal action under the EPBC act by The Australia Institute. 3rd party appeals to the Federal Court have only affected 0.4% of all projects referred under the legislation. — Download briefing paper available below — “Proper third party appeals
Environmental scapegoat sought for government’s poor economic performance
Since Tony Abbott took office, 101,900 more Australians are unemployed, but the Prime Minister is determined to create a new scapegoat – that of environmental legal victories – rather than face up to fundamental issues in the economy. “We’re seeing a deliberate effort from the Government to blame environmental law for job losses, despite all
July 2015
The goon show: How the tax system works to subsidise cheap wine and alcohol consumption
A new report has exposed Australia’s wine tax system as corporate welfare, with Australians paying a billion dollars a year to subsidise the wine industry. Unlike beer and spirits, which are taxed based on their alcohol content, wine is taxed on its wholesale value. As a result, cheap wine attracts far less tax than beer
June 2015
Queensland’s choice: schools or mining subsidies
Queensland spends less on social services than the rest of Australia in per capita terms, a new report from The Australia Institute has revealed. (Table 1 below) The state is the nation’s biggest spender of public funds in one area though; subsidies for mining projects. Currently public schools face a $268 million maintenance backlog, and
May 2015
Broaden access to Pension Loan Scheme: Crossbenchers
Senators Jacqui Lambie, Glenn Lazarus, Ricky Muir and Nick Xenophon will today call on the government and opposition to back broadening access to the Pension Loan Scheme (PLS) to any retirees who wish to use it. Press Conference: Senators together with The Australia Institute executive director, Richard Denniss, will be available for comment 10:45am, APH
Australian taxpayers’ slice of $10 million per minute fossil fuel subsidies bill
The Guardian reported this morning International Monetary Fund calculations that world fossil fuel subsidies are running at $5.3 trillion dollars annually, or $10m per minute. In Australia, successive state and federal governments have given subsidies in the form of diesel fuel rebates, infrastructure funding and royalties discounts worth billions. TAI director of research, Rod Campbell,
RBA concerned about Sydney house prices, Government continues subsidies to real estate speculators
The Reserve Bank of Australia today cut interest rates to a new record low of 2%, but cited surging house prices in Sydney as a concern. In the lead up to next week’s Federal Budget, the Government has ruled out any changes to generous subsidies for real estate investors, in particular the Capital Gains Tax
Super Tax Concessions distribution gets more top-heavy as costs explode
The latest modelling of Superannuation Tax Concession distribution shows the inequality is growing as the cost to the budget surges. $12.2 billion, 41% of all concessions, are going to the top 10% of households. $17.8 billion, or 60%, go to the top 20%. “That leaves 80% of Australians to share the remaining 40% of what
April 2015
CIS, Grattan, Per Capita, TAI and 1 in 2 Australians: expand Pension Loans Scheme for fairer retirement
As debate continues over ‘means testing the family home’, new polling shows 1 in 2 Australians think the government should require retirees with expensive homes to fund their own retirement incomes, through an existing but little known government scheme called the Pension Loans Scheme (PLS). “The PLS is essentially a government provided reverse mortgage, but
Turnbull, Bishop, Hockey, Abbott electorates – top negative gearers
While a large number of people take advantage of negative gearing for residential investment properties in Australia, the majority of the benefits, in dollar terms, are more narrowly focused. A paper released yesterday by The Australia Institute showed how the benefit of negative gearing was distributed by income and aged groups. Today TAI released data
Negative Gearing: positive for richest 10%
Modelling from NATSEM featured in a new report from The Australia Institute and GetUp, reveals that more than half (55%) of the benefit of capital gains discount and negative gearing goes to the top 10% of income earners. Australia is one of only three OECD countries with this type of negative gearing regime. Working together with
ALP dip their toe in the $30 billion pool of super tax concessions
Richard Denniss, Executive Director of The Australia Institute and long-time advocate of overhaul to the super tax concessions scheme, has welcomed moves on the issue by the Australian Labor Party but says it needs to be the start, not the end of the conversation. “Providing generous tax concessions to people who are already far too
Taxpayers fork out $4.6b to pay for ‘dividend imputation’ credits
New modelling by NATSEM, commissioned by The Australia Institute, shows many of Australia’s wealthiest people pay negative tax, and it’s costing the budget bottom line $4.6 billion. Report available here. Like most tax loopholes, the ability to convert ‘surplus’ dividend imputation credits to cash delivers most of its benefits to the wealthiest, with almost half
Simple tax change would close loopholes costing budget $2.5b
A ‘Buffett Rule’ in Australia would limit the incentive for very high income earners to use excessive tax deductions and boost government revenue by $2.5 billion per year. The findings are outlined in a report from The Australia Institute: Closing the tax loopholes: A Buffett rule for Australia, which includes NATSEM modelling of a 35%
March 2015
Australia’s Housing Crisis – For the Ages
A new research paper from The Australia Institute reveals that home ownership rates in Australia are falling across all age groups, most significantly for people in their 50’s. Middle income earners are experiencing the sharpest decline in ownership rates. The Australia Institute attended a housing roundtable hosted by Opposition Treasurer, Chris Bowen, in Sydney on
Tobin Tax would protect super savings and ‘mum and dad investors’
A tax on financial transactions, known as a “Tobin” tax, could protect superannuation investors, improve the operation of Australia’s capital markets and provide a source of tax revenue of over $1 billion per year, according to a policy brief from The Australia Institute. Tobin taxes or some form of financial transaction tax are in effect in
Australia world leader – in population growth
Australia has the fastest population growth of major developed countries, and projections show a reduced infrastructure spend per capita, putting huge pressure on major cities. “Since the 2000 Olympics the population of Australia has grown by 25 per cent. In fact, since the Sydney Olympics, Australia’s population has grown more than the entire population of
IGR: Garbage in – Garbage out
The Intergenerational Report is a deeply flawed document based on deeply flawed assumptions according to Dr Richard Denniss, Executive Director of the Australia Institute. “The Intergenerational report should provide an opportunity to start a conversation about the Australia we want to have in the coming decades, instead it simply tries to scare the public into
February 2015
TAI challenges CPA on GST modelling
The Australia Institute (TAI) has challenged modelling and analysis used in a report from the Certified Practicing Accountants (CPA) which argues for increases to the GST. The CPA report assumes that the economy will grow more quickly because of cuts to taxes funded by the increase and broadening of the GST. “The economic model used
General Enquiries
Emily Bird Office Manager
mail@australiainstitute.org.au
Media Enquiries
Glenn Connley Senior Media Advisor
glenn.connley@australiainstitute.org.au