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The Latest Breaking News from Ken Henry

View from The Hill: Albanese sensitive on one tax reform that won’t be in the budget

With all the talk about the May 12 budget containing significant tax reform, Anthony Albanese sounded very sensitive when confronted about one big reform his government won’t be making.

The Conversation

Grattan on Friday: Politically, the baby boomers’ day is done

Politically, it’s a very bad time to be a baby boomer.

The Conversation

Australia’s generation Alpha faces $185k bill over lifetime without urgent action on climate crisis, report finds

Global heating consistent with current projections would cost average millennial $130,000 and $165,000 for gen Z, according to Deloitte modelling

The Guardian - AU

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Is the capital gains tax discount an act of intergenerational ‘bastardry’?

Former Treasury Secretary and chair of the Henry Tax Review, Ken Henry, has described the intergenerational injustice built into Australia’s tax system as an intentional “act of bastardry”.

The Conversation

'Dumbest option': top economist slams housing tax break

The government has been urged to draw a clean break on any changes to taxes on investment properties as it considers major reforms in the federal budget.

AAP

Be bold in May budget, roundtable guests urge Chalmers

It's too early to tell whether Jim Chalmers' productivity roundtable will result in meaningful change for Australia's economy. The May budget could be crucial.

AAP

Death tax? Property tax? Four ideas that could offset inheritance inequality in Australia

How do we solve the predicted entrenched disparity arising out of the great wealth transfer? We ask economists for their suggestions

The Guardian - AU

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‘It matters if you have a parent with an expensive house’: how Australia’s great wealth transfer threatens faith in the fair go

The massive $5.4tn intergenerational asset shift looming over the next two decades is one of the biggest challenges the country faces. What will it mean?

The Guardian - AU

‘Not radical, it’s fair’: Australian households would receive compensation in proposed ‘polluter pays’ levy scheme

Superpower Institute report fleshes out 2024 call from Labor heavyweight Ross Garnaut to re-embrace carbon pricing 12 years after Tony Abbott axed it

The Guardian - AU

Labor to rule out controversial ‘national interest’ exemption for coal and gas if Greens back nature laws

Exclusive: Concession follows fierce criticism of the workaround but may not be enough to convince minor party

The Guardian - AU

Legal loopholes threaten reef, ex-Treasury boss warns

Closing well-known loopholes that allow widescale clearing of native vegetation is vital if the Great Barrier Reef is to be saved, a policy heavy-hitter warns.

AAP

Morning Mail: Ken Henry’s nature laws warning, Australia knocked out of Women’s Cricket World Cup, and will interest rates go up?

Former treasury secretary says developers will take advantage of law as it is currently drafted; and is it possible interest rates could rise before they fall again?

The Guardian - AU

Climate change is a crisis of intergenerational justice. It’s not too late to make it right

Climate change is the biggest issue of our time. 2024 marked both the hottest year on record and the highest levels of carbon dioxide (CO2) emissions in the past two million years.

The Conversation

We’re still not measuring our reliance on nature as we rush to boost productivity

Human economies are made possible through natural capital – stocks of land, fresh water, oceans, biodiversity and soils, among others. Farming isn’t possible without soil or water. Manufacturing isn’t possible without raw materials to convert into products. Service industries aren’t possible without reliable food.

The Conversation

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The Conversation

Economists want a carbon price comeback – but does Australia have the political courage?

Bold economic ideas are flowing ahead of this month’s roundtable convened by the Albanese government, aimed at boosting Australia’s productivity and economy, and repairing the budget. Among the biggest ideas to emerge is: should Australia resurrect its carbon price?

The Guardian - AU

The attack on Australia’s net zero target is reckless and gutless. Voters expect more than ‘intergenerational bastardry’

While Barnaby Joyce and Michael McCormack try to ditch the 43% net zero 2030 emissions target, Australia’s net zero target for 2035 has not yet been set

The Guardian - AU

If the economics of broadening or lifting Australia’s GST are challenging, the politics are horrendous

Labor is fundamentally opposed to changing the tax on consumption on the basis it hurts poorer Australians. And the worry about fairness is real

AAP

Creators trying to make 'wage slaves' care about tax

Content creators have mingled with economists at a tax roundtable at Parliament House hosted by teal MP Allegra Spender to get the message to a new audience.

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The Conversation

View from The Hill: How much can Jim Chalmers get out of the economic reform roundtable?

We’re now less than a month away from the start of the Albanese government’s “economic reform” (aka “productivity”) roundtable, but it has become quite hard to get a fix on exactly what this gathering will amount to.

The Guardian - AU

Protecting the environment has always made economic sense. Now we have proof

The failures of our environmental protection laws mean we are not only failing nature but also undermining productivity – at a huge cost

The Conversation

Ken Henry urges nature law reform after decades of ‘intergenerational bastardry’

Former Treasury Secretary Ken Henry has warned Australia’s global environmental reputation is at risk if the Albanese government fails to reform nature laws this term.

AAP

Call for help with big algal bloom choking coastal life

Fishing and tourism industries are struggling with the impact of a months-long algal bloom that has no end in sight, prompting calls for federal help.

The Guardian - AU

Morning Mail: Bradley Murdoch dead at 67, warning to Labor over inequality, the $1 housing blueprint

The notorious outback killer of British backpacker Peter Falconio has died in custody of throat cancer; NSW plan to speed up home building

AAP

Heavy-hitter urges return of 'world's best' carbon tax

One of the nation's most prominent economists says Australia should not have scrapped its carbon tax, but there are other ways to take action on climate.

The Conversation

Grattan on Friday: Jim Chalmers juggles expectations and ambition in pursuing tax reform

Next week will be the 40th anniversary of the Hawke government’s tax summit. Dominated by then treasurer Paul Keating’s unsuccessful bid to win support for a consumption tax, it was the public centrepiece of an extraordinary political and policy story.

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