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you need more tax, working out how much more is urgent

  • Written by Michael Keating, Visiting Fellow, College of Business & Economics, Australian National University
you need more tax, working out how much more is urgentShutterstock

The new government has inherited an extraordinarily difficult budget situation.

The budget deficit amounts to 3.5% of gross domestic product this financial year and it will be almost as high next financial year at 3.4%, after which the budget papers project deficits for the entire ten-year forecast period.

At the same time, the...

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Demand for Home Batteries surges as Federal Rebate Kicks In

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Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

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