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Michael Read

Canberra

Economics Correspondent at Australian Financial Review

👔 Economics Correspondent at the @FinancialReview 📧 [email protected] 📈 RBA economist in a former life 🤫 Send tips securely via https://t.co/5C7qP3ox0p

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Articles

  • ‘No one liked it’: Lessons for tax reform after 25 years of GST

    1 week ago | afr.com | Michael Read |John Kehoe

    Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statementTwenty-five years ago, Australia pulled off one of the most ambitious and contentious tax policy overhauls in its history. After decades of false starts, political blow-ups and reform failures, the 10 per cent goods and services tax started on July 1, 2000, reshaping the way the country raised revenue and handing the states a growing source of funding.

  • Family trusts and EV drivers could be targeted under Treasurer Jim Chalmer’s tax review

    1 week ago | afr.com | John Kehoe |Michael Read

    Higher taxes on family trusts and electric vehicle drivers are expected to be proposed by Treasury as options for Jim Chalmers to meet his objective of raising revenue to pay for income tax cuts and bolster the federal budget.

  • Treasurer Jim Chalmers doubles down on Labor’s proposed superannuation tax

    1 week ago | afr.com | Michael Read |John Kehoe

    Treasurer Jim Chalmers has refused to budge on his controversial plans to raise taxes on people with more than $3 million in superannuation, even as he signalled he was open to cutting income taxes as part of wider tax reform. In a speech delivered to the National Press Club in Canberra on Wednesday, Chalmers said Labor was willing to overhaul the tax system to reduce its growing reliance on income tax while ensuring the government can raise enough money to plug the budget deficit. Loading...

  • Treasurer Jim Chalmers flags tax changes in National Press Club address

    1 week ago | afr.com | John Kehoe |Michael Read

    Treasurer Jim Chalmers has opened the door to tax changes beyond superannuation, admitting the federal budget is unsustainable and the economy’s stagnant productivity will not deliver higher living standards for working people. For the first time, Chalmers signalled Labor was willing to entertain tax changes beyond Labor’s tax rise on superannuation balances above $3 million at the government’s productivity roundtable in August, as he seeks to ensure the budget is put on sustainable footing.

  • Super tax is flawed, but concessions are expensive and badly targeted

    1 week ago | afr.com | Michael Read

    Let’s be clear: the cost of tax concessions significantly outweighs savings generated by reducing the reliance on the age pension.

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Michael Read
Michael Read @michael_read_
19 May 25

RT @ALeighMP: Want a more dynamic economy? The Productivity Commission wants your feedback: https://t.co/kuKmHAjUjI Labor’s not waiting ar…

Michael Read
Michael Read @michael_read_
2 May 25

I just spent 21 days with Dutton and Albanese. This is what I saw https://t.co/ZW2YvNzLvK

Michael Read
Michael Read @michael_read_
29 Apr 25

Opposition Leader Peter Dutton has been forced to cancel a funding announcement in Sanctuary Point after it was interrupted by 3 anti-nuclear protestors from the South Coast Labour Council. The trio of trade unionists pretended to inspect the oval for a potential nuclear site https://t.co/uFQXGroMNu