Smart politics, shocking policy

Article Abstract:

Australian government has surplus money on its hand, thanks to the price gains on iron and coal, which saw an unprecedented hike because of demand from China. However, this position will not be forever. There is an expectation that the windfall will be passed on to taxpayers by way of tax cuts. However, it would be wiser to keep in mind that the aging population of the country will soon require further funds. The stand that politicians will take in this situation is a foregone conclusion.

Taxes, Analysis, Usage, Economic aspects, Political aspects, Tax policy, Tax collection, Tax abatement

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War not a budget breaker

Article Abstract:

It is proposed that war is never the end neither the solution, and war cannot put a stop to budget prospects, but it can create a downward impression on everyone. The federal treasurer had unexpected surprise for the markets on budget night on May13 2003 that a larger surplus for 2002-03 is estimated of $3.6 billion and a healthier surplus for 2003-04 of $4.9 billion.

Budget, Budgets

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The grim creeper

Article Abstract:

The government is more likely to cut taxes than pay off debt as per the Costello doctrine. Some of the advantages and disadvantages of the Costello doctrine policy are discussed.

Public Finance Activities, Tax Administration, Tax administration and procedure, Income tax

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