‘This is something we have to take seriously.’ So said Treasury Secretary Martin Parkinson in his post-budget address to business economists, emphasising the need for productivity-enhancing measures across the nation. To which we might add: where are the personal tax cuts to encourage growth and productivity?
It’s tempting to view Joe Hockey as having opened a Pandora’s box of angry, frenetic, fiscal nasties; all of a sudden a hysterical nation is swatting at, in no particular order, raising the GST, increasing state taxes, changing the superannuation access age, the cost of visiting the doctor, when is a levy or an excise...
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