Taxation
None of your Business
Housing affordability is a perennial issue that seems to be spilling over into the political domain in a way that is more divisive and acute than ever. And as usual, the political class is more interested in sounding like they are engaging with the issue than actually addressing it. Oddly enough it is the left side of politics that has...
The Misguided Quest for “Fair Share”
“Grab your torch and pitch-fork” was the rallying cry of the left in the recent debate over stage three tax cuts. And so the mob was led to follow a trail of sprinkled money to the door of high income earners to rob them of tax relief. In the debate over Australia's tax system, the concept of "fair share" has...
Welcome to Borroloola Land
Every failure in Aboriginal affairs creates an opportunity to offer a shiny new bauble to public servants and the journalistic cheer squad. Last weekend, in light of the failure of the Voice referendum, there were three baubles – naming an Indigenous state, renewable self-determination, and a new economic development plan. The cost of the baubles is to put off the...
Other People’s Money
Philosophy #1: Living On Other People's Money Is Unwise When reading the news and opinion, I am frequently mindful of the idea of other people's money and the perceptive words of French economist Frederic Bastiat, who wrote that “The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else.” I thought of Bastiat...
The Rise of Citizen Journalism and Independent Media
Shortly after 4pm on the 27th of March, the X account @churPanic commenced a live broadcast on a mobile phone from the streets of Gisborne, New Zealand. Against a backdrop of community outrage at taxpayer-funded Rainbow Storytime in the local library, a pedestrian crossing had been whitewashed. Residents of this small North Island town were protesting at the repainting of...
What should the Australian Defence Force do?
Hint: the answer is in the name The Australian Defence Force (ADF) does lots of things it shouldn’t. Restrict the trading of others The Australian Defence Force (ADF) helps to enforce sanctions. It contributes in varying degrees to efforts to enforce sanctions endorsed by the United Nations Security Council, like sanctions against North Korea, Afghanistan, Iran, Iraq, Syria, and various countries in Africa,...
The Myth of Speed
We are constantly told that Australia has a huge road toll. Every holiday break and long weekend there are reports of how many people were killed, amid inferences that this is a major and growing tragedy. Equally constant is the assertion that the underlying cause is speeding. There is a never-ending campaign, complete with gory advertisements warning of lifelong injuries,...
The New UAE Corporate Tax
The United Arab Emirates (UAE) is famous for, among other things, zero tax. That ended this year. The UAE now has a 9% tax rate for all but a very few exempted industries. The implementation of a corporate tax is not because the UAE needs the money to build new roads, hospitals, schools or public facilities. The UAE is home...
Death, Taxes and … Death Taxes?
“We know that there is a growing pot of wealth, sitting in the hands of older Australians that will be passed on in coming decades.” Gosh, that sounds juicy. What government could refuse the temptation to take a slice of that pie? However, that sentiment speaks to the fundamental flaw in the approach of our policy makers towards balancing our books...
Resisting centralist power – Part 2
Following the Second World War, the most dramatic shift in the balance of tax power between the States and Commonwealth occurred. In 1942, under the leadership of John Curtin as Prime Minister and Ben Chifley as Federal Treasurer, all income taxing authority was handed over to the Commonwealth by the States for the duration of the war under the defence...
