September 2018

Banking Royal Commission most important for Australians: poll

A majority of Australians believe the Royal Commission into Banks and Financial Services has uncovered more wrong doing (70%) and is most important for Australians (65%) compared to the Royal Commission into Trade Unions, according to new polling from The Australia Institute.  Meanwhile, almost a third of Australians (31%) believe the Royal Commission into Trade

Our regulators fail to protect the vulnerable from the greedy. Let’s find out why.

by Richard Denniss in The Guardian

by Richard Denniss. [This article originally appeared on The Guardian Australia 19.09.2018] The royal commission Australia really needs is one into the spectacular – almost complete – failure of our regulators to protect the vulnerable from the greedy. While it is clear that many of our so-called watchdogs are little more than lap dogs, what

Secure long-term housing at half the cost

New research from the Australia Institute and Prosper Australia shows Government could use existing housing schemes to reduce the cost of secure long-term housing by as much as 52%, at no extra cost to the budget. The report shows that the government can create more secure long-term forms of residency, insulated from changes in market

ACT’s Land Rent Scheme sets national example

Canberra’s innovative Land Rent Scheme has been singled out in new research from the Australia Institute and Prosper Australia that shows if applied nationally, Government could significantly reduce the cost of secure long-term housing. Currently the scheme sees over one-thousand Canberra households saving more than $9 million in housing costs per year, at no cost

August 2018

Infographic: The Shrinking Labour Share of GDP and Average Wages

by Jim Stanford

The Centre for Future Work recently published a symposium of research investigating the long-term decline in the share of Australian GDP paid to workers (including wages, salaries, and superannuation contributions). The four articles, published in a special issue of the Journal of Australian Political Economy, documented the erosion of workers’ share of national income, its causes, and consequences.

Company tax cuts defeated in the Senate

The Australia Institute welcomes the defeat of the Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 in the Senate. “We welcome the defeat of the Government’s big business company tax cut legislation in the Senate,” said Ben Oquist, executive director of The Australia Institute. “Congratulations to Labor, the Greens, and Senate crossbenchers Senators

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

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

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

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