August 2018

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

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

Company tax cuts: $7.67 billion to just one company

New analysis by The Australia Institute shows that based on Rio Tinto’s half year report, the company tax cut would represent a $7.67 billion gift to Rio Tinto over the first decade of the cut. The Australia Institute has today launched a new Revenue Watch initiative, looking at companies over reporting season, to quantify how

July 2018

Mayo: New Polling on Asylum Seekers and Adani

The Australia Institute commissioned ReachTEL to poll the federal seats of Mayo (766 respondents) on the evening of Wednesday 25 July. Key Findings: 59/41 two-party preferred, favouring Centre Alliance candidate Rebekha Sharkie 64% of Australians support bringing genuine refugees to Australia who arrive by boat, only a quarter support indefinite detention on Nauru and Manus

Mayo: New Polling on Company Tax Cuts, Voter Priorities for Government Revenue, Newstart

The Australia Institute commissioned ReachTEL to poll the federal seats of Mayo (766 respondents) on the evening of Wednesday 25 July. Key Findings: 59/41 two-party preferred, favouring Centre Alliance candidate Rebekha Sharkie Only 27.7% support for cutting company tax rate for large business, while 65.8% want tax rate increased or kept same 63.5% oppose or

The Abbott doctrine of dumping deals

By Richard Denniss, Chief Economist at The Australia Institute. [View this article in the Australian Financial Review] Having abandoned the principles of small government, the right of Australian politics are now urging Australia to embrace Donald Trump’s attack on international agreements. Is there any institution these so-called “conservatives” aren’t willing to wreck in pursuit of

Braddon: New Polling shows concern over Company Tax cuts, support for Penalty rates and a gain in the ALP Primary vote

The Australia Institute commissioned ReachTEL to poll the federal seats of Braddon (700 respondents) on the evening of Friday 6 July. Key Findings: A rise in the Labor primary vote to 36.3 (compared to 33% in a Sky ReachTel poll at the beginning of June) A fall in the Liberal primary vote to 42.9 (compared

How ‘free marketeers’ killed Neoliberalism

By Richard Denniss, Chief Economist at The Australia Institute [Read in the Sydney Morning Herald here] Economic rationalism and neoliberalism are dead in Australia. In an unexpected twist, the idea that markets are good and governments are bad was killed by the right wing of Australian politics, who simply couldn’t resist the desire to shovel

June 2018

The real question on subsidies is, what do we want less of?

By Richard Denniss, Chief Economist at The Australia Institute. [Read this article in the Syndey Morning Herald] One thing that unites the Australian Parliament is that subsidies are a great idea. Whether it’s the Liberals’ enthusiasm for subsidising weapons exports, the Nationals’ love of subsidising coal mines, Labor’s love of subsidising manufacturing or the Greens

Government delays company tax cut legislation

The Government has announced it will delay Senate vote on company tax legislation until after the winter recess. Meanwhile, research from The Australia Institute has demonstrated the economic case for a company tax cut for big business has not been made. “Company tax cuts will not lead to greater economic prosperity. In fact modelling from

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

Longman and Mayo: New Polling on Company Tax Cuts and Voter Priorities for Government Revenue

The Australia Institute commissioned ReachTEL to poll the federal seats of Mayo (736 respondents) and Longman (727 respondents) on the evening of Thursday June 21.  Key Findings: 50/50 TPP in Longman 62/38 TPP favouring Centre Alliance candidate Rebekah Sharkie in Mayo Mayo: 24.9% support for cutting company tax rate for large business (71% want tax

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