Category Archives: Tax

US libertarian public finance expert Dan Mitchell slams the “global tax cartel” Australia has joined

Last year, Australia signed up to the OECD-led push for a global minimum corporate tax rate of 15%, a measure designed to reduce the profit-shifting to low-tax countries which occurs and disadvantages higher corporate tax rate countries such as Australia, … Continue reading

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Billionaire and inheritance taxes podcast chat with Prof. Miranda Stewart

There are growing calls to increase taxes on the wealthy in advanced economies such as the United States and Australia. For instance, US Congresswoman Alexandria Ocasio-Cortez controversially wore a white evening dress with the words Tax the Rich written in … Continue reading

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PC says fuel tax credit isn’t a fossil fuel subsidy

Some commentators claim the federal government’s fuel tax credit for business is a $7.8bn fossil fuel subsidy (e.g. see the Australia Institute’s Fossil fuel subsidies in Australia), but the Productivity Commission has provided me a great explanation regarding why the … Continue reading

Posted in Mining, Tax | 6 Comments

‘Hollywood Australia’ supported by generous tax credits and other government subsidies

The Australian is reporting ‘Hollywood Australia’ a $1.5bn movie blockbuster extravaganza, covering the surge in international film productions such as Thor: Love and Thunder filming in Australia. This is partly related to Australia’s success in managing COVID and also to … Continue reading

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Cannabis Industry to Light Up – guest post by Stephen Thornton

The win by the US Democratic Party of two federal senate seats representing the state of Georgia creates a situation whereby the Republican Party will lose their majority in the Upper House. Given the Democrats control the House of Representatives, … Continue reading

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EV taxes, property taxes, and the need to reset federal financial relations in Australia

It’s good news that, according to the Brisbane Times, Queensland Transport Minister Mark Bailey has ruled out a special Electric Vehicle tax (at least for now). You may recall I reported on the Australia Institute’s campaign to stop state-levied EV … Continue reading

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GST & Vertical Fiscal Imbalance video

The Update on Queensland’s fiscal position media release from state Treasurer Cameron Dick last Thursday noted “over the 2019-20 and 2020-21 financial years, GST receipts to Queensland will be cut by up to $2.5 billion compared to our MYFER [Mid … Continue reading

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Premier’s 2016 Lodge dinner remark to Turnbull highlighted Vertical Fiscal Imbalance problem

I started reading Malcolm Turnbull’s autobiography A Bigger Picture on the weekend, and it’s much better than I expected, with lots of interesting revelations and insights into the last couple of decades of Australian politics. One of my favourites is … Continue reading

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Entrepreneurship with Prof. Peter G. Klein – latest Economics Explained episode

My latest Economics Explained episode on entrepreneurship featuring Professor Peter G. Klein of Baylor University is now available. Many universities now offer courses in entrepreneurship, as students have been inspired by tech entrepreneurs such as Elon Musk and Mark Zuckerberg. … Continue reading

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Cannabis with Dr Stephen Thornton – latest Economics Explained episode

Several jurisdictions around the world, such as the US states of California and Colorado, have legalised cannabis, also known as marijuana. In Australia, the Australian Capital Territory will become the first Australian jurisdiction to legalise recreational cannabis use on the … Continue reading

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