
Red tape is a brake on growth
Reforming over-regulation should be high on the roundtable agenda.
Reforming over-regulation should be high on the roundtable agenda.
When I began writing about economics at The Australian more than a decade ago, these pages were filled with optimism: the resource boom was in full swing, the phrase “miracle economy” still prevalent. If we had a problem it was a “two-speed” economy, and an Australian dollar that was almost as valuable as the greenback.
Ten years after the signing of the Paris climate accord, demand for coal is still growing — largely because of India and China — and shows no signs of peaking.
Businesses can consider setting up or doing business with entities in India’s Special Economic Zones to take advantage of favorable tax incentives, simplified customs procedures, and a conducive environment for manufacturing and trade.
Family First welcomes Coalition grass roots members following Family First’s lead on dropping net zero.
China consumes as much coal in eight hours as Western Australia uses in 12 months but, as the result of the politically palatable decision to cease using coal by 2030, we are sleepwalking into an energy disaster.
Australia is missing out on productivity gains because political tension between state and federal governments prevent proper tax reforms, KPMG has warned in its first submission to the Productivity Commission.
The shameful exploitation of a half-billion-dollar government scheme to compensate veterans is another reminder that good intentions are no guard against the extremes of human nature.
Business leaders and economists will demand changes in taxation and planning approvals at Anthony Albanese’s productivity roundtable, but the Prime Minister’s close adviser, former Macquarie chief executive Nicholas Moore, says expectations should be adjusted, with tough decisions on tax unlikely to take priority over housing, energy and education.
Reliance on government leg-ups helps no one and stifles ambition, writes liberal senator Nampijinpa Price
Britain’s Labour government has agreed to take a £17.8bn ($36.9bn) stake in building a nuclear power plant as fears rise that the country’s rush to build wind and solar farms is leaving the grid vulnerable to outages.