Ken Henry is 'not infallible'
The federal government has rejected a scathing critique of its bank tax by former Treasurer secretary Ken Henry, saying the NAB chairman was exaggerating the impact of the tax.
Phillip Coorey writes on news specialising in policy, politics and budget. Based in our Canberra newsroom, Phil is the Australian Financial Review's chief political correspondent. He is a former chief political correspondent for The Advertiser and The Sydney Morning Herald, and a two-time winner of the Paul Lyneham award for press gallery excellence.
The federal government has rejected a scathing critique of its bank tax by former Treasurer secretary Ken Henry, saying the NAB chairman was exaggerating the impact of the tax.
The Opposition is hedging its bets on the $6.2b bank tax after internal research found swing voters feared they would ultimately pay through increased costs.
Tony Abbott has stepped up his call for Senate reform after the upper house's ongoing refusal to pass spending cuts "forced" the government to raise taxes.
The Turnbull government has received a boost in support and voters have applauded its big tax increases and spending measures.
Bill Shorten has dismissed Paul Keating's criticism of Labor's call for a permanent top marginal tax rate of almost 50ยข.
Former Prime Minister Paul Keating has attacked Labor's proposed top marginal rate of 49.5 per cent as "too punitive".
The federal government has conceded its new $6.2 billion bank tax lacks detail, as the banks are claiming, but says that will not stop its J...
If you wonder why voters have had a gutful, it's not just the Coalition's policy inconsistencies laid bare this week.
Prime Minister Malcolm Turnbull said the impact of his 0.6pc bank tax will be "far less" than a standard 0.25 percentage point hike in inter...
Treasury tells banks the new tax must hit an annual revenue target of $1.5b, meaning any carve-outs will have to be recouped through a highe...
Labor wants to slug high income earners a top marginal tax rate of almost 50 per cent to fully fund the NDIS.
ANZ's Shayne Elliott says the $6.2 billion levy on banks showed the relationship between financial institutions and the Parliament was broke...
The newest estimate of the 10-year cost of the government's company tax cuts is $65.4 billion, reflecting the large annual cost of the measu...
Treasurer Scott Morrison has slapped down a demand from banks that the new $6.2b tax be lifted as soon as the budget is back in surplus.
The Greens are pushing for a top marginal tax rate of almost 50 per cent and Labor is not ruling it out as the parties fight over the budget...
Malcolm Turnbull dismisses as nonsense claims the new $6.2bn tax and tougher regulation might destabilise the banking system.
Bill Shorten is hinting at supporting the Medicare levy increase contained in Tuesday's budget by arguing for the retention of the deficit l...
Workers and major banks will bear the brunt of a $21 billion tax hike to fund a budget that jettisons billions in politically damaging spend...
The government's decision to hold a Productivity Commission inquiry into competition in banking has failed to quell demands for a royal comm...
The federal government claims Catholic schools have stated previously they would be satisfied with a lower funding growth rate than the one ...
More
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in