If the Albanese Government were looking for some political cover to remove the chokehold of the $254 billion Stage 3 income tax cuts on the Budget, it could do worse than look to the International Monetary Fund’s latest advice. As millions of Australians struggle to make ends meet due to cost of living increases, the federal government is squandering a golden political opportunity to fix its economic misstep.
Via #AustraliaInstitute #Auspol #Tax https://australiainstitute.org.au/post/we-agree-with-the-imf-and-rishi-sunak/?utm_source=rss&utm_medium=rss&utm_campaign=we-agree-with-the-imf-and-rishi-sunak

New research shows the cost to the federal budget of generous superannuation tax concessions is now on par with the cost of the entire aged pension, and greater than the total cost of the entire NDIS in 2022-2023.
Via #AustraliaInstitute #Auspol #Tax
https://australiainstitute.org.au/post/super-tax-concessions-now-on-par-with-entire-aged-pension-greater-than-ndis-research/?utm_source=rss&utm_medium=rss&utm_campaign=super-tax-concessions-now-on-par-with-entire-aged-pension-greater-than-ndis-research

IMF Report Underscores Economic Risks of Stage 3 Tax Cuts: Experts
Via #AustraliaInstitute #Auspol
https://australiainstitute.org.au/post/imf-report-underscores-economic-risks-of-stage-3-tax-cuts-experts/?utm_source=rss&utm_medium=rss&utm_campaign=imf-report-underscores-economic-risks-of-stage-3-tax-cuts-experts

The spot price for squirrel glider credits in New South Wales last month was $425. That was down a touch from $450 in August, when koala credits were going for $600 – they’d more than tripled since June.
By: @pollyjhemming
Via #AustraliaInstitute #Auspol
https://australiainstitute.org.au/post/why-a-biodiversity-market-doesnt-work/?utm_source=rss&utm_medium=rss&utm_campaign=why-a-biodiversity-market-doesnt-work

Research released today by The Australia Institute shows that a cotton industry in the Northern Territory would not bring significant employment or tax payments.
The findings were submitted to the NT Government’s water policy consultation process, which closed yesterday.
Via #AustraliaInstitute By: by #RodCampbell #SumithriVenketasubramanian
#Auspol
https://australiainstitute.org.au/post/no-economic-benefit-from-nt-cotton-submission/

“Professor Ian Chubb’s review of the way that carbon credits are issued in Australia will add to the confusion about the role, integrity and future of carbon credits in Australian climate policy,”
By #RichardDenniss
Via #AustraliaInstitute.
#Auspol #ClimateChange
https://australiainstitute.org.au/post/remove-low-integrity-carbon-credits-from-safeguard-mechanism-australia-institute/

End of Year Wrap-Up! 2022
It goes without saying, but 2022 was a hell of a year, from war in Europe, to a federal election, two state elections, two budgets, and the death of Queen Elizbeth. To refresh your memories, Ebony is taking a look back at the year, and all the chaos and progress it brought.
#AustraliaInstitute #Auspol #EbonyBennett
https://australiainstitute.org.au/post/end-of-year-wrap-up-2022/?utm_source=rss&utm_medium=rss&utm_campaign=end-of-year-wrap-up-2022