Cut the company tax rate and push up the GST, says Henry
Former treasury boss Ken Henry has backed the government's 10-year plan to cut the company tax rate, saying it should be done even sooner.
Peter Martin is the Economics Editor for The Age.
Former treasury boss Ken Henry has backed the government's 10-year plan to cut the company tax rate, saying it should be done even sooner.
Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.
Private-sector wage growth has slid to record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices.
Environment and Energy Minister Josh Frydenberg has conceded that scrapping the carbon tax had given consumers only a "brief respite" from rising electricity prices, forcing those with the means to invest in self-generation such as roof-top solar.
Declining rates of home ownership aren't necessarily a bad thing, according to the Reserve Bank.
Full-time employment collapsed to its weakest point in 16 months in January after two months of gains were reversed, leaving Australia with 56,100 fewer full-time workers than in January 2015.
A long-awaited review into the governance of industry super funds by former Reserve Bank governor Bernie Fraser has found no grounds for legislation that would force boards to have a minimum number of "independent" directors.
Using the disabled as a human shield to defend cuts to others is as dumb as it gets. Propagating fake news is worse.
What's this about a "locked box"?
So keen has Malcolm Turnbull become to appease his party's right wing that he is actually governing badly.
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