Tag Archives: tax

IR reform should have same priority as tax reform

Posted on July 30, 2014 by Gene Tunny

Jessica Irvine has a great piece in the News Limited media today on how Tony Abbott must act now to reverse Australia’s economic demise. I agree with her that reforming the tax system is extremely important, but I’m surprised she … Continue reading →

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Tax and Federation White Papers sound promising on GST and stamp duty

Posted on July 4, 2014 by Gene Tunny

I was very pleased to read in the Courier-Mail this morning that: Speculation is mounting the Abbott Government’s white papers on tax and federation reform, due by the end of next year, will include broadening the GST, and encouraging the … Continue reading →

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Calls for holistic tax and super reform at BDO Budget Breakfast

Posted on May 16, 2014 by Gene Tunny

Accounting and professional services firm BDO has prepared an excellent guide to the 2014-15 Federal Budget Time to Pull on the Reins, which notes “The budget measures continue to tinker around the edges of real tax reform.” This was a major … Continue reading →

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New Treasury modelling supports change in tax mix towards GST

Posted on April 9, 2014 by Gene Tunny

In the latest Commonwealth Treasury Economic Roundup, there is an excellent paper on the economic impacts of company tax. The paper could be viewed as supporting a cut in company tax and replacing the lost revenue with greater GST revenue, either … Continue reading →

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Lower taxes across Australia preferable to special treatment for NQ

Posted on March 25, 2014 by Gene Tunny

The Townsville Chamber of Commerce has called for a revamp of current tax arrangements for North Queensland. The Chamber is concerned the existing Zone Tax Offset has been eroded in value by inflation and is being claimed by fly-in, fly-out (FIFO) workers who … Continue reading →

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NQ worried about NT plan

Posted on August 16, 2013 by Gene Tunny

Townsville Mayor Jenny Hill is rightly critical of the Prime Minister’s proposed special economic zone in the Northern Territory, in which a lower rate of company tax would apply. As reported in the Townsville Bulletin this morning (Economic zone plan … Continue reading →

Posted in North Queensland, Tax, Uncategorized | Tagged , , , , , , | 2 Comments

Productivity Commission study will highlight stamp duty impact on labour market

Posted on July 12, 2013 by Gene Tunny

The Productivity Commission yesterday released the issues paper for its Geographic Labour Mobility study, a study which I expect will highlight the adverse impact of stamp duty on the labour market. Stamp duty on property transactions, which significantly increases the … Continue reading →

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Scope to raise more revenue from gambling and cut bad taxes

Posted on July 9, 2013 by Gene Tunny

In making his case for getting Brisbane’s second casino licence, James Packer observed last week (according to the Courier-Mail): “Brisbane and Queensland have been badly let down by Echo – they have under-invested and underperformed. Queensland taxpayers are missing out … Continue reading →

Posted in Budget, Tax | Tagged , , , , , , , , | 2 Comments