Australia is one of the lowest-taxing countries in the developed world. While it is sometimes suggested that Australian governments spend too much, the reality is that Australia raises very little tax revenue compared to similar countries. Insofar as Australian governments have a problem balancing revenue and spending, that problem lies in the level of revenue

Energy and Climate Change Minister Chris Bowen spoke for an hour at the National Press Club last week in a speech titled “Australia’s Energy Choice in the Critical Decade.” Despite the title, and despite taking questions from Australia’s top journalists, most of Australia’s energy choices didn’t even rate a mention.

For decades, the Liberal Party has prided itself on being the “party of lower taxes”.