Economy

DEAD RIGHT: Dr Richard Denniss’ newest book reveals ‘the big con’ of neoliberalism in Australia

After decades of uninterrupted economic growth, how is it that we all still feel so poor? It’s the question that leading Australian economist, Dr Richard Denniss, gets to the heart of in his newest book Dead Right: How neoliberalism ate itself and what comes next.

In a national book tour, starting next week, Denniss will explore ‘the big con’ of neoliberalism and its lasting effect on Australia. Dead Right provides a template to understand the next federal election; discusses how and why the right of politics has continued to splinter; why energy and climate policy is such a problem for conservative politics; and what could come after neoliberalism.

Posted on:

8 March 2019

Australian Taxation Modest by Global Standards

A new paper published by The Australia Institute explores the lessons Australia could learn from Nordic countries such as Norway in providing leadership for revenue raising options in Australia.

The paper is the first piece of research released by the newly established Nordic Policy Centre at The Australia Institute in partnership with Deakin University.

“The repeated claims by Government that Australian taxpayers are paying higher overall rates of tax in the global context is false and misleading,” said Deakin University Professor Andrew Scott, author of the report.

Posted on:

7 March 2019

Renewables outperformed coal in summer of unprecedented heatwaves

The Australia Institute’s Climate & Energy Program has released the latest National Energy Emissions Audit for the electricity sector (The Audit*) covering the month of January 2019.

The Audit shows that renewables now account for 20% of total generation in the National Energy Market (NEM) -- a share that that is certain to continue growing -- performing best of all energy sources during a record breaking summer of heatwaves.

Key findings:

Posted on:

27 February 2019

New Analysis: High Income Individuals Spend Big to Avoid Tax

New analysis from the Australia Institute shows a small minority of individuals are spending big on tax accountants to take advantage of unfair tax loopholes, such that individuals with a gross income over $1 million can pay zero tax.

Key Findings:

Posted on:

23 February 2019

Time for Facts on Franking Credits

A full page advertisement published today by The Australia Institute promotes new research showing the forgone revenue spent refunding excess franking credits to wealthy shareholders could be used to create jobs and fund services to the community instead.

The foregone revenue on cashing out excess franking credits could purchase:

Posted on:

23 February 2019

What the hell is dividend imputation - Follow the Money - Episode 32

Cashed-up retirees getting a refund for tax they never paid? We've hit peak rort

by Richard Denniss
[Originally published on The Guardian Australia, 20 Feb 2019]

Posted on:

20 February 2019

It's time to rein in CEO pay to curtail banks' culture of greed

by Ebony Bennett
[Originally published in the Canberra Times, 8 Feb 2019]

Posted on:

12 February 2019

Scott Morrison thinks cutting taxes is 'economics 101'. As an economist, I beg to differ

by Richard Denniss
[Originally published on Guardian Australia, 6 Feb 2019]

Posted on:

6 February 2019

Intervention is the new black

by Richard Denniss
[Originally published in the Australian Financial Review, 4 Feb 2019]

Few people think carbon pricing is as important as Tony Abbott does. Not only was repealing the carbon tax his biggest achievement as prime minister, nearly five years later, he still can't stop talking about it. Nothing would excite him more than the chance to repeal another carbon price one day.

Posted on:

6 February 2019

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