Wellcamp: A horror story of government waste

Standing just outside leafy Toowoomba, the Wellcamp quarantine facility is almost brand new but already effectively defunct. Though it sleeps 1000, the facility currently houses just seven people - a figure that seems of especially poor taste as the housing crisis grips families across the country. READ MORE>>>

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IMF suggestion will push first home buyers further from first rung of property ladder

Appearing to grasp the interplay between demand, supply and price, the IMF has suggested legislation to effectively remove a large chunk of the market - and it isn’t wealthy investors. It’s an iconic genie move - a deliberate misinterpretation of the issue at hand with a solution that misses the point.

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Keep variety on the menu to give small businesses a chance

Small businesses will suffer if governments mandate a ‘vaccinated only’ policy, in which customers are prevented from visiting venues without first proving they have been double-jabbed against Covid-19. It’s a cost cashed-up chains may absorb but—when forced on ma and pa joints with ever-shrinking margins—will be yet another nail in the coffin for struggling small businesses.

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Australia should reject global tax minimum

The OECD has long railed against what they consider to be the “problem” of international tax competition. The Brussels-based bureaucracy has argued that tax competition puts downward pressure on tax rates, as countries compete to attract mobile labour and capital investment. Their latest response is to argue for a global tax minimum of 15% for all developed countries, which would force some countries (such as Ireland & Hungary) to increase their company tax rates, and would prevent other countries from cutting taxes “too much”. This is a bad idea.

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John Humphreys