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The Latest Breaking News from Australia Institute

Gas windfall profits tax could raise upwards of $20 billion, argues Australia Institute

A tax on the windfall profits generated by Australia's gas export industry due to soaring energy prices could raise more than $20 billion in a year, a new report from the Australia Institute argues.

ABC News

Gas windfall 'war profits' surge to $40b

Gas producers face pressure to share their profits with taxpayers to help households and businesses pay bills, but it's been ruled out for next week's budget.

AAP

Albanese government urged to adopt windfall profits tax after LNG exporters’ $40bn bonanza

Australia Institute says the tax would be a responsible way for Australians to receive a fair return for exploitation of gas resources

The Guardian - AU

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Clive Hamilton's activism memoir wars with neoliberals, the 'naive' left and China

Clive Hamilton personifies the Australian progressive “public intellectual”. He’s a prolific author of opinion articles and books, concerned “to make a difference in the world” by persuading people to engage with “powerful ideas”.

The Conversation

Federal Labor's honeymoon continues in Resolve poll; can the Liberals regain office without those 'lefties'?

A federal Resolve poll for Nine newspapers, conducted October 5-9 from a sample of 1,604, gave Labor 39% of the primary vote (steady since September), the Coalition 30% (down two), the Greens 12% (up two), One Nation 5% (down one), the UAP 3% (up one), independents 9% (up one) and…

The Conversation

Albanese government’s climate plans face hurdle as experts criticise carbon market reforms

The Australia Institute concerned safeguard mechanism changes may create ‘perverse incentive’ for emissions intensive projects

The Guardian - AU

Albanese urged not to ‘lose the moment’ for tax reform as he squashes debate on stage-three cuts

Economists say the tax cuts are unaffordable and should be trimmed or changed, either now or in May

The Guardian - AU

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Growing number of Australians want the stage-three tax cuts scrapped, poll shows

Public opinion for repealing the package now sits at 48% as people become better informed about the consequences

The Guardian - AU

Albanese meets Solomons PM – as it happened

This blog is now closed

The Guardian - AU

Former ACCC boss Rod Sims calls for tax increases amid debate over stage 3 cuts

The former chair of the ACCC says taxes must rise if the federal government wants to deliver the essential services Australians demand.

ABC News

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

The New Daily

Majority of Australians back sound economic management over keeping promised tax cuts, survey suggests

Almost half of those polled support axing stage three cuts while one quarter thought they should be kept

The Guardian - AU

High income earners oppose tax cut plan

Pressure is mounting on the Albanese government to ditch the planned stage three income tax cuts as new research reveals most Australians oppose the plan.

AAP

CEOs of Australia’s top 20 companies given nine times the pay rise of full-time workers

Australia Institute urges 60% income tax on earnings above $1m a year

The Guardian - AU

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The Conversation

We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

Fossil fuel subsidies from major economies including Australia reached close to US$700 billion in 2021, almost doubling from 2020, according to new analysis by the International Energy Agency and OECD.

The Guardian - AU

Australian motorists may be unwittingly bankrolling Russia’s invasion of Ukraine, report finds

Analyst says tighter tracking of oil shipments needed to avoid Russia bypassing sanctions

The Conversation

Victorian Newspoll gives Labor big lead three months before election

The Victorian election will be held in three months, on November 26. A Victorian state Newspoll, conducted August 22-25 from a sample of 1,027, gave Labor a 56-44 lead (57.3-42.7 at the 2018 election). Primary votes were 41% Labor (42.9% at election), 36% Coalition (35.2%), 13% Greens (10.7%) and 10%…

ABC News

Poll suggests Aussies would back bans on junk food, gambling and alcohol TV advertising

Carried out by The Australia Institute, the online survey found two-thirds of respondents thought a ban on junk food advertising during children's TV watching hours would be a good idea, while 71 per cent wanted an end to gambling commercials.

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ABC News

Real wages are shrinking as profits are soaring. But are most businesses really raking it in?

Workers are getting a record low share of Australia's national income, while company profits surge. But is it just a temporary phenomenon caused by the commodities boom or a deeper structural crisis in our economy?

The Guardian - AU

Australia’s highest and lowest income suburbs: how does your postcode compare?

Western Australia’s Cottesloe and Peppermint Grove the top-earning area while five of the lowest are in regional NSW

ABC News

The 60 millionaires who paid no tax and the richest and poorest postcodes revealed

Sixty people earned more than $1 million but paid no tax in 2019-20, and the country's lowest incomes have been recorded in regional NSW, according to the ATO's latest taxation statistics.

The New Daily

‘Car park for clunkers’: Government urged to act on $5.9 billion petrol opportunity

The Albanese government is being urged to transform Australia from a “carpark for clunkers” into a destination for the latest electric vehicles.

ABC News

Motorists could have saved $5.9bn on fuel if efficiency standards were introduced in 2015, The Australia Institute report finds

A report says Australian motorists could have saved $5.9 billion on fuel costs if efficiency standards were introduced in 2015. Let's have a look at what the paper says.

ABC News

Vehicle emissions standard could be on the table ahead of electric vehicle summit

Car-makers are hopeful the government could introduce carbon emission limits on car makers, as a new report finds standards could have saved motorists billions of dollars on fuel.

The Guardian - AU

Australian fuel efficiency standards could have saved motorists $5.9bn, research shows

Australia Institute report makes a case for fuel standards as a means to cut emissions and decrease reliance on foreign oil

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