My fantasy budget would be one that attempted to match the government’s spending to the public’s priorities and one in which taxing and spending policies, otherwise known as fiscal policy, was based on a close reading of simple economic theory rather than a quick skim of what’s trending on Twitter. Australia has one of the lowest levels of tax collection in the developed world and, in turn, we have one of the lowest levels of public spending in the world.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
10 reasons why Australia does not need company tax cuts
1/ Giving business billions of dollars in tax cuts means starving schools, hospitals and other services. Giving business billions of dollars in tax cuts means billions of dollars less for services like schools and hospitals. If Australia cut company tax from 30% to 25% this would give business about $20 billion in its first year,
The changes to superannuation tax concessions are needed and very fair
The arguments against the government’s changes to the taxation of superannuation are nothing more than lies and fear.
Company tax cuts would do little to boost investment and hurt everyday Australians – new analysis
When Treasurer Jim Chalmers brings the nation’s economic leaders together next month, don’t be surprised if big business pushes – yet again – to cut the company tax rate.