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The Latest Breaking News from Richard Denniss

Climate risk main reason premiums are rising: insurers

Breaking up big companies is no silver bullet to keep insurance premiums affordable, the sector says.

AAP

Afternoon Update: PM says Coalition ‘just wrong’ on visas; ex-Ten presenter and partner missing; and can you remember these ‘best picture’ films?

Albanese says visa checks for Palestinians ‘exactly the same as what was in place’ under Coalition

The Guardian - AU

'They'll never change': PM goes on attack over tax cuts

Anthony Albanese has launched a full-throated attack against the coalition after it loudly complained and then quickly capitulated over changes to tax cuts.

AAP

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Cost of negative gearing and other rental deductions soaring, Australian Treasury data reveals

The latest ranking of revenue foregone shows the usual suspects topping the list

The Guardian - AU

Tax changes spark calls for complete system redesign

Half of the nation's high-income earners back Labor's proposed tax changes as analysis shows most of the benefits will still flow to the rich.

AAP

How many houses do Newcastle and Hunter MPs own?

Only three own just one home.

Newcastle Herald

Australians Have United On One Thing And It’s That We’re Done With Lying Political Ads

"In Australia, it is perfectly legal to lie in a political ad."

Pedestrian.tv

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Dutton accused of politicising Indigenous child abuse

The federal opposition has sought to pressure the government to hold a royal commission into sexual abuse in Indigenous communities following the voice defeat.

AAP

$18 million a job? The AUKUS subs plan will cost Australia way more than that

Australian governments have a long and generally dismal history of using defence procurement, and particularly naval procurement, as a form of industry policy.

The Conversation

Richard Denniss: Climate action undermined by ineffective legislation

Passing climate legislation that does nothing to stop new gas and coal mines will make it harder for Australia to reduce its emissions in the future.

The New Daily

How does the NSW government’s renewable energy plan stack up against Labor’s? We asked the experts

The NSW Coalition and the state opposition are putting major funding on the table for clean energy – with both sides recognising action is needed

The Guardian - AU

Critics pan 'flawed' carbon credits review

A review of Australia's carbon credit scheme has drawn a mixed response, but the industry hopes it will boost confidence in the sector.

AAP

Australia’s coal exporters made windfall gain of $45bn last year, report estimates

Report by Australia Institute finds a windfall profits tax could collect almost all this money for public use

The Guardian - AU

Afternoon Update: US midterms have Senate too close to call; Warhol painting targeted; and oldest sentence discovered

Republican ‘red wave’ looking more like a ripple. And Medibank data published on dark web

The Guardian - AU

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The New Daily

Australia Institute: Gas tax could cover energy transition costs

A windfall profits tax levied on the export gas industry could pay for the government's $20 billion commitment to the energy transition.

ABC News

Gas windfall profits tax could raise upwards of $20 billion, argues Australia Institute

A tax on the windfall profits generated by Australia's gas export industry due to soaring energy prices could raise more than $20 billion in a year, a new report from the Australia Institute argues.

AAP

Gas windfall 'war profits' surge to $40b

Gas producers face pressure to share their profits with taxpayers to help households and businesses pay bills, but it's been ruled out for next week's budget.

The New Daily

Even neoclassical ideologues have to admit stage-three tax cuts aren’t the answer

While Stage 3 tax cuts are good for the top four percent of income earners, they literally give nothing for those earning below $45,000.

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The Guardian - AU

Albanese urged not to ‘lose the moment’ for tax reform as he squashes debate on stage-three cuts

Economists say the tax cuts are unaffordable and should be trimmed or changed, either now or in May

The New Daily

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

The Guardian - AU

Majority of Australians back sound economic management over keeping promised tax cuts, survey suggests

Almost half of those polled support axing stage three cuts while one quarter thought they should be kept

AAP

High income earners oppose tax cut plan

Pressure is mounting on the Albanese government to ditch the planned stage three income tax cuts as new research reveals most Australians oppose the plan.

The Guardian - AU

CEOs of Australia’s top 20 companies given nine times the pay rise of full-time workers

Australia Institute urges 60% income tax on earnings above $1m a year

The Guardian - AU

Albanese claims he can’t stop them, but the stage three tax cuts threaten his political legacy

The cuts benefit the wealthy over the strugglers, ploughing fertile ground for conspiracy theorists to accuse MPs of looking after themselves

ABC News

Real wages are shrinking as profits are soaring. But are most businesses really raking it in?

Workers are getting a record low share of Australia's national income, while company profits surge. But is it just a temporary phenomenon caused by the commodities boom or a deeper structural crisis in our economy?

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