Blogotariat

Oz Blog News Commentary

Articles from Peter Martin

Pink vs blue tax: the case for taxing women lightly

June 14, 2018 - 16:20 -- Admin

If women were to be taxed differently to men, it wouldn’t be the first time.

Treasurer Scott Morrison says the idea is absurd.

“You don’t fill out pink forms and blue forms on your tax return. It doesn’t look at what your gender is any more than it looks at whether you are left-handed or right-handed,” he said last week.

He even said, wrongly, that Labor has been suggesting it.

But such a move has happened before.

Cry for the banks. They'll pay more than they'll save

May 21, 2018 - 19:59 -- Admin

Australia’s big four banks and their shareholders will recover very little of the new major bank levy from the proposed cut in company tax, a Fairfax Media analysis has found.

In fact, the proposed company tax cut and the major bank levy would leave banks more highly taxed than they were before the 2017 budget.

The levy, which came into force in the middle of last year, is expected to raise $1.6 billion a year from each of the big four banks and Macquarie Bank.

Here's my big dangerous tax idea: let us keep our money

May 17, 2018 - 20:09 -- Admin

Suddenly we’ve wised up. As far back as any of us can remember, all the way back to the beginning of income tax, we’ve been easy to bribe.

Here’s how it has worked in every election and in almost every budget: “You’ve been working hard and paying too much tax. We feel your pain. We’ve magically found some money from somewhere. We’re pulling a tax cut out of a hat. You can thank us later.”