Governments must break their addiction to spending or taxes as a share of GDP will soar, hurting living standards and growth. Victoria’s parlous situation exemplifies the risks.
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Miners blast ‘disastrous’ tax proposal
The resources industry has come out swinging over a Productivity Commission proposal for a 5 per cent cashflow tax as the federal government seeks a way to plug a budget black hole.
Read moreWA Should Follow NT’s Lead And Appoint A Red-Tape Slayer
Australia is in desperate need of economic reform. Productivity is low, private investment is stagnating, and Australians are personally struggling after nearly two years of a per capita recession.
Read moreOpinion | Autonomous cities are the next big thing for SEZs
Farsighted government leaders see the opportunity for more than just billions of dollars’ worth of immediate foreign direct investment. They see the importance of attracting young talent, such as creators, entrepreneurs and artists, who are seeking communities they are inspired by and choose to live in. These are the people who will shape and move the world of tomorrow. They are the ones creating economic and social opportunities. Judging by the amount of excitement, and by the projects currently under early development, the time is right. Autonomous cities are the next big thing. They are the next generation of SEZs, and so much more.
Read moreNews Australians are ready, willing, and able to work – let them!
Currently, only 3 per cent of pensioners work in Australia, compared to 25 per cent in New Zealand. This is not because pensioners in Australia do not want to work. Research has shown that around one in five want to work, but do not, because of unfair tax and red tape barriers.The solution is to follow New Zealand’s approach by removing all red tape on pensioners, students, and veterans. This would mean that these Australians could earn as much income as they would want, without losing their pension payments or welfare benefits. Of course, they would still pay income tax like every other Australian worker. Removing all red-tape and barriers for Australian pensioners, veterans, and students to get back into the workforce, without suffering significant financial penalties, is a simple and effective policy measure that is good for them and good for our nation. More Australians working means higher government revenue through income tax, GST, and payroll tax, which can be reinvested into infrastructure and used to pay down our debt.
Read moreKazakhstan to Introduce Roadmap to Increase Efficiency in SEZs | Govt plans one-stop service for SEZs
17 January 2023.
Read moreJobs and Skills Summit: Seniors will be able to work extra hours without losing pension entitlements
Prime Minister Anthony Albanese wrapped up the two-day event in Canberra by announcing the anticipated change to the pension — a policy WA billionaire Gina Rinehart campaigned for ahead of the Federal election. Ms Rinehart said the new measure could have gone further, and the paperwork pensioners need to undertake, along with other restrictions would just deter pensioners from working.
Read moreWorld Free Zones Organization News
Includes video referencing how the creation of special economic zones are strategic are in expanding the economy.
Read moreAustralian mining is critical to nation’s future
The mining industry is the backbone of the Australian economy paying the highest average wages and contributing billions in taxes and royalties each year. The industry continues to pay the highest on average wages, the most company tax, delivers the most export revenue and was critical to supporting regions and communities, including providing 1.1 million jobs in the mining, mining equipment, technology and services sector.
Read moreWorld Free Zones Organization News
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