March 2019

Australian Taxation Modest by Global Standards

A new paper published by The Australia Institute explores the lessons Australia could learn from Nordic countries such as Norway in providing leadership for revenue raising options in Australia. The paper is the first piece of research released by the newly established Nordic Policy Centre at The Australia Institute in partnership with Deakin University. “The repeated claims

Taxpayer Dollar Boon for Fossil Fuel Exports Under Guise of Overseas Development

The Federal Government is preparing to spend vast amounts of taxpayer funds on fossil fuel project overseas to generate business for increased fossil fuel exports out of Australia, new analysis by The Australia Institute warns. Key Points A new bill to Parliament that would expand funding and powers for Efic, Australia’s export finance agency, turning

February 2019

New Analysis: High Income Individuals Spend Big to Avoid Tax

New analysis from the Australia Institute shows a small minority of individuals are spending big on tax accountants to take advantage of unfair tax loopholes, such that individuals with a gross income over $1 million can pay zero tax. Key Findings: Those with both a gross and taxable income over $1 million spent on average $7,476 on

Time for Facts on Franking Credits

A full page advertisement published today by The Australia Institute promotes new research showing the forgone revenue spent refunding excess franking credits to wealthy shareholders could be used to create jobs and fund services to the community instead.  The foregone revenue on cashing out excess franking credits could purchase: 50 new primary schools, 50 new

What The Hell Is Dividend Imputation?

featuring Ebony Bennett, Richard Denniss and Matt Grudnoff

What the hell is dividend imputation and why is everyone talking about franking credits? In this episode, Follow the Money explains how it all works.  Host: Ebony Bennett, Deputy Director at The Australia Institute // @ebony_bennett Contributors: Richard Denniss, chief economist at the Australia Institute // @RDNS_TAI  Matt Grudnoff, senior economist at the Australia Institute // @MattGrudnoff Producer: Jennifer Macey // @jennifermacey // Additional

Cashed-up retirees getting a refund for tax they never paid? We’ve hit peak rort

by Richard Denniss in The Guardian

by Richard Denniss[Originally published on The Guardian Australia, 20 Feb 2019] It’s hard to believe that anyone who receives larges cheques from the government can call themselves a “self-funded” retiree, but hey, this is modern Australia and powerful groups get to call themselves whatever they want. Sure, the full age pension is only $23,823.80 per

Murray-Darling: NSW floodplain strategy “grossly inadequate”

The NSW Government’s strategy to manage irrigators’ use of floodwaters has been slammed in a joint submission by researchers, irrigators, graziers and a Darling River community group. The diverse groups called on the NSW Government to withdraw its draft strategy as it fails to address the problem of massive volumes of water being diverted into

It’s time to rein in CEO pay to curtail banks’ culture of greed

by Ebony Bennett in The Brisbane Times

by Ebony Bennett[Originally published in the Canberra Times, 8 Feb 2019] One of the first things you learn as a child is not to be greedy. It’s a fairly straightforward lesson. Yet, greed is the ultimate culprit identified by Justice Kenneth Haynes in his banking royal commission report. Worse still, the current hysteria surrounding franking

January 2019

The tide has turned on the tax debate

by Richard Denniss[Originally published in the Australian Finacial Review] Some political parties are coping better with the social and technological transitions that are reshaping Australia than others. Just as Kodak couldn’t adapt to the digital era and Nokia couldn’t adapt to the smartphone era, it’s not obvious that all of Australia’s current political parties will

Will Bill Shorten’s tax strategy make him a winner or cost him the election?

by Richard Denniss in The Guardian

by Richard Denniss[Originally published on The Guardian Australia] It’s time we talked about tax. Bill Shorten wants to close tax loopholes and spend more on schools and hospitals. Prime minister Scott Morrison wants to scare voters about the perils of a high-taxing Labor government. And the business community still want the Liberal’s big cut in the company

December 2018

Dead Right With Richard Denniss

featuring Ebony Bennett and Richard Denniss

Welcome to Follow The Money’s summer special series! If you’re taking a break this summer, but still crave a political fix, settle in a listen to the ‘best of’ from the Australia Institute’s live politics in the pub events this year. In his Quarterly Essay, Dead Right, Richard Denniss talks about how neoliberalism ate itself,

Wrong Way Book Launch With Doug Cameron

featuring Ebony Bennett

Welcome to Follow The Money’s summer special series! If you’re taking a break this summer, but still crave a political fix, settle in a listen to the ‘best of’ from the Australia Institute’s live politics in the pub events this year. Launching the book Wrong Way, Senator Doug Cameron talks about privatisation and how some

10 Year Anniversary Of The Stimulus Package With Wayne Swan Tanya Plibersek And Jim Chalmers

featuring Ebony Bennett

Welcome to Follow The Money’s summer special series! If you’re taking a break this summer, but still crave a political fix, settle in a listen to the ‘best of’ from the Australia Institute’s live politics in the pub events this year. Ten years after the global financial crisis, Wayne Swan, Tanya Plibersek and Jim Chalmers

Bob Brown And Clare Rewcastle Brown, Environmentalist Of The Year

featuring Ebony Bennett

Welcome to Follow The Money’s summer special series! If you’re taking a break this summer, but still crave a political fix, settle in a listen to the ‘best of’ from the Australia Institute’s live politics in the pub events this year. Investigative journalist Clare Rewcastle Brown wanted logging in Sarawak to stop. The Malaysian Prime

Yes, Yes, Yes With Alex Greenwich MP, Dr Shirleen Robinson & Senator Sarah Hanson Young

featuring Ebony Bennett

Welcome to Follow The Money’s summer special series! If you’re taking a break this summer, but still crave a political fix, settle in a listen to the ‘best of’ from the Australia Institute’s live politics in the pub events this year. In this second episode of our summer series and one year on from the

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