The former principal economic adviser to Bob Hawke says more tax is needed to pay for the public services Australians expect. Follow the day’s news liveGet our free news app, morning email briefing or daily news podcastSydney poised to break the record for its wettest year in history this weekendSydney is set to break the record for its wettest year in history by this weekend overtaking the mark set in 1950. If you are against higher taxation then you are against higher government expenditure,” Sims will tell the Australia Institute’s revenue summit.Here you have a nation’s assets, attainable at varying cost levels largely determined by the accessibility of the resource, facing wildly varying prices that can be influenced significantly by outside events such as a war in Ukraine. This can result in large, fortuitous increases in profits that need to be shared with the community that owns these ore bodies. Continue reading...
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