Business Daily Media

The Times


.

Super tax concessions don't cost $45 billion a year and won't cost more than the pension

  • Written by: Andrew Podger, Honorary Professor of Public Policy, Australian National University
Super tax concessions don't cost $45 billion a year and won't cost more than the pensionShutterstock

You may have read this week that Australia’s super tax breaks are excessively generous (“well beyond any plausible purpose”) and that their costs unsustainable.

The claim came from a Grattan Institute report, Super savings. But is it realistic?

The figures quoted – A$45 billion a year or 2% of GDP “and set...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...