The new Albanese Government has tabled a revised budget for the 2022-23 fiscal year, revising revenue and spending forecasts. In this paper, Centre for Future Work researchers evaluate the budget's assumptions and policy measures from the perspective of workers and labour markets.
The Australian government has claimed that young women are some of the biggest beneficiaries of their income tax cuts over recent years. This analysis shows that the stage 3 tax cuts, which the government has committed to introduce after the next election, will see most...
This paper uses data from 18 OECD countries over the last five decades to estimate the causal effect of major tax cuts for the rich on income inequality, economic growth, and unemployment.
Despite the supposed benefit of recent Commonwealth government tax cuts in boosting disposable income and stimulating more spending, the latest economic statistics have confirmed that Australia's economy is barely limping along.
This analysis of the long term impacts of bracket creep shows that taxpayers are being over compensated for bracket creep at all income levels. The Morrison Government has used bracket creep as a key reason why it needs to implement its income tax cuts package...
This research finds that the first stage of the Morrison Government’s tax plan will see men and women receive an almost even split of the tax cuts. But men will receive almost double the amount women do from the later stages of the government’s tax...
This paper argues that the benefit of the final stage of the federal government’s income tax plan will flow overwhelmingly to high income earners, with almost a third going to the top 10% and more than half going to the top 20%.
Opposition Leader Bill Shorten has claimed that, over a decade, $77 billion of the Government's tax package would go to the top three per cent of earners.
Ahead of the 2019 federal election, debate has turned to the fairness of the Turnbull Government's tax package. Kelly O'Dwyer, the Minister for Revenue and Financial Services, and Minister for Women, has weighed in, claiming the tax cuts were "good for wo
Fact Check: Would companies that paid no tax in 2015-16 be unable to benefit from a tax cut so as to invest more and help lift wages?
The Business Council of Australia promises to invest more in Australia if the Government's proposed corporate tax is passed, arguing this would lead to higher wages. But Labor Senator Murray Watt claims this promise can't be fulfilled
This paper reviews the case for personal income tax cuts, the various forms they could take, and the budgetary scope for cuts. It then suggests what the priorities should be.
Fact Check: Did Malcolm Turnbull announce a tax cut for millionaires and a tax hike for workers in the budget?
Federal Opposition leader Bill Shorten claimed Prime Minister Malcolm Turnbull announced a tax cut for millionaires, and tax hike for working Australians in the 2018 budget. But his claim is over the top.
One of the poorly understood impacts of a company tax cut is that there is little benefit to domestic investors because the way that company tax payments are credited against the tax payable by Australian owners of companies. The system of crediting company tax paid...