Description
It's a year since the release of the report on Australia's Future Tax System Review,
headed by recently retired Treasury chief Ken Henry. The review was
just the start of the Labor Party fulfilling its election promise of a
"root and branch" overhaul of taxation. But one year on, not many of the
review's 138 recommendations – including a resources rent tax, a 5% cut
in company tax and a leap in the personal tax threshold – have been
enacted. However, review panel member, John Piggott, an economics
professor at the Australian School of Business, says there are positive
early signs of change, and several decades for reform.
Many of the world’s economies are still struggling to recover from the
global financial crisis. The threat of a crisis Mark II is not out of
the question, though it’s unlikely, says Anne Krueger, a former chief
economist of the World Bank, and first deputy managing director of the...
Published 10/04/12
Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda,...
Published 10/04/12