Overview: The government has claimed there are no alternatives to its budget vision and called on the senate crossbenchers to stop blocking its budget measures or find alternatives that stack up. This paper aims to do just that. In order to help the government out and shift debate back to good budgetary policy, The Australia...

Labor is committed to ensuring the sustainability of the retirement income system in a way that delivers fairness and enables Australians to maintain a comfortable standard of living in retirement. Tax concessions (forgone revenue) are an important part of the superannuation system, as they encourage people to contribute funding and preserve these savings until their...

Overview: Franking credits are worth about $30 billion per year in Australia. About $10 billion go to households and another $10 billion go to superannuation funds, trusts and charities. The remaining $10 billion go to other Australian companies. The international evidence shows that Australia is extremely generous when it comes to franking credits. But which...

In recent years, a series of studies have been undertaken in Australia that use static general equilibrium models with a representative household to compare the relative efficiency of different Australian taxes. This paper aims to complement these earlier studies and contribute to a broader discussion about the structure of Australia’s tax system by estimating the...

This paper argues that criticism of tax concessions has lost sight of the legitimate reasons for many of them. Overview While action is needed to correct structural budget deficits, the criticism of tax concessions has lost sight of the legitimate reasons for many of them, and often overestimates the revenue gain. On the whole, the...