The Saturday Paper
Lower taxes not the answer
The social results of lowering the tax rate, supported now by both political parties, is yet another example of the myth that it will stimulate the economy. A comparative study of 188 economies shows that “higher levels of taxation are in fact correlated with higher average income”. This is examined by Richard Denniss, Matt Grudnoff and Andrew Scott in their essay, “Life and Taxes”, in the recently published The Nordic Edge: Policy Possibilities for Australia, edited by Andrew Scott and Rod Campbell.
– Julie James Bailey, Abbotsford, NSW