With tax reform on the agenda, and at a time when Australia faces some of the highest income tax rates in the world, why should we cut and simplify—if not completely abolish—personal income taxes?
The Queensland Labor government’s proposed changes to vegetation management law will erode the right to property, breach a fundamental principle of the rule of law, and ultimately hurt Australian farmers by adding more red tape to the industry.
The Australian Securities and Investments Commission (ASIC) will soon be handed more power to intervene proactively in financial product markets. These regulatory powers will stymie financial entrepreneurship and innovation.
Aaron Lane’s recent piece in the Sydney Morning Herald argues the ABCC row is a distraction from the main game of industrial relations policy.
Frequent flyers should be concerned about the Reserve Bank of Australia’s proposed changes to interchange fee regulation that specifically targets credit cards linked to rewards programs.
Prime Minister Malcolm Turnbull’s innovation strategy, released last year, in which he declared that “we have to have an ideas boom, not just a resources boom”, was somewhat light on detail when it comes to promoting innovation where it is most sorely needed – in government itself.
Sean Leaver, a PhD colleague of ours at RMIT, has an interesting post on his personal blog—The MisBehaving Economist—about competing hypotheses of rising education costs. You should read the full post on his blog, but below is some copy-paste to sum up his point.