All in Federal Budget

Aversion to Surplus

In the midst of the Global Financial Crisis and the rapid increase in spending by the Federal Government, I wrote at the time that Australia’s long run of budget surpluses had come to an end and to prepare for a ‘decade of deficits’.  At the time, it seemed impossible to most people.

Franking Credit Smoke and Mirrors

The proposal by the Labor Opposition needs to be considered carefully with the real prospect that there could be a change of Government within 12 months, with the half Senate election due by May 2019.  From the current Government’s perspective, the May 2018 Federal Budget was an opportunity to affirm franking credits continue to be ‘refundable’.

Stealthy Tax Rises

In the run up to the 2016 Federal Election there are the perennial favourite issues rolled-out by the media and opposing political forces, everything from the very-fast-train (that is a very slow argument) to a second international airport in Sydney (oh, that’s proceeding) to the Government collecting more taxes via superannuation and bracket creep.