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OECD

This Month

Treasurer Jim Chalmers and Indonesian Finance Minister Sri Mulyani shake hands after signing an economic pledge in September 2022.

Chalmers backs Indonesia’s OECD push

If successful, Indonesia would be the first South-East Asian nation to gain membership of the Organisation for Economic Co-operation and Development.

  • John Kehoe
Aoife Kennefick at home in Perth with daughter Caoimhe (4) and son Luke (1).

‘No silver bullet’: Is the childcare system broken?

Childcare in Australia is among the most expensive in the OECD and government subsidies have increased. But operators don’t appear to be rolling in profits.

  • Euan Black and Liam Walsh
The OECD is urging Labor to broaden its flagship emissions reduction policy as it warns Australia is not on track to meet its net-zero emissions target.

Hit more polluters with emission cuts, OECD urges Labor

The OECD is urging Labor to broaden its flagship emissions reduction policy as it warns Australia is not on track to meet its net zero emissions target.

  • Michael Read

September

How confidential tax information was shared at PwC

At least six former PwC partners were involved in leaking confidential information from Treasury, the Tax Office and Board of Tax, legal reports concluded.

  • Updated
  • Neil Chenoweth and Edmund Tadros
Australia needs to create positive attractions to draw money into the country.

The ugly truth: Australia is not a great place to invest

This country needs to get real about attracting investment, or it should prepare to get poor.

  • Richard Holden
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Mt Weld in Western Australia, where rare earths minerals are being extracted.

Labor’s IR laws at odds with cashing in on next mining boom

Mining leaders are warning Australia risks losing the benefits of another resources boom in critical minerals.

  • Jennifer Hewett
Mining is more sophisticated than digging up rocks, says Michael Brennan.

Mining is smart, not ‘stupid’, outgoing productivity boss says

A Harvard study ranking Australia’s economy as less sophisticated than Uganda and Kazakhstan is wrong because mining is not a “crude dig it up” sector.

  • John Kehoe

August

Prime Minister Anthony Albanese and Indonesia’s President Joko Widodo in Sydney in July.

Australia backs Indonesia’s OECD push

Officials are working behind the scenes to lobby the organisation’s mostly wealthy 38 member countries for Indonesia to join.

  • John Kehoe
I’ll see Chris Bowen’s five issues on nuclear energy and raise him ten.

10 reasons Bowen is wrong on nuclear

With Labor’s climate and energy policy in tatters, you’d think it would be keen to learn from others who are successfully decarbonising.

  • Ted O'Brien
Former Treasury boss Ken Henry’s stinging “intergenerational tragedy” warning last week captured people’s attention.

The penny has finally dropped on income tax burden

There are at least three achievable ways to alleviate the intergenerational inequities in the tax system to take pressure off workers and not harm economic growth.

  • John Kehoe
This year’s NAPLAN has revealed some mixed results.

NAPLAN benchmarks have changed, but bad results stay the same

The national school test results show one in three children failed to reach expectations in basic numeracy, reading and writing skills.

  • Jordana Hunter and Nick Parkinson
Executives and their employees say they spend hours each week in meetings that could disappear without consequence.

One in five ‘not proficient’ in their jobs, bosses say

Australian employers have been told to upskill their workers after new research found one in five workers were deemed “not fully proficient” in their roles. 

  • Euan Black
exports to Europe

EU stuck with China despite ‘de-risk’ efforts

The bloc faces the “devilishly difficult” task of reducing dependence on Beijing after stepping into gaps left by the United States, say analysts.

  • Valentina Romei
Sorting orders at Chinese e-commerce giant JD.com. ASEAN nations may find themselves at the centre of tensions over digital infrastructure and digital rules by entering a bilateral deal with China.

High digital stakes in new China-ASEAN deal

The danger with the digital alignment between China and ASEAN is that the rules governing cross-border data movement come to be as confusing and as restrictive as Beijing’s.

  • Ken Heydon

July

Queenagers enjoy a high degree of autonomy and spending. But above all they prize freedom.

Meet the Queenagers: the women who broke the glass ceiling

Queenagers typically have relatively high incomes and a high degree of freedom in the choices they’re now making.

  • Julia Hobsbawm
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Jim Chalmers is joining an exclusive club of treasurers to have delivered a surplus.

Chalmers to push G20 to break global tax deal impasse

Delayed by political gridlock and the COVID-19 pandemic, the OECD two-pillar tax reform plan is inching towards implementation.

  • Tom McIlroy
GRI’s Global Sustainability Standards Board chairwoman Carol Adams

Scaling back tax disclosure rules a lost opportunity for Australia

The Albanese government last month moved to water down country-by-country tax reporting rules, after lobbying by business groups, funds managers and the OECD.

  • Tom McIlroy
Mathias Cormann is Secretary-General of the OECD. One person within the Australian Treasury said the OECD’s intervention was not the sole reason for the government’s climbdown.

Labor tax plan risked global transparency efforts: OECD

Former finance minister and OECD secretary-general Mathias Cormann rejected suggestions he had lobbied the Albanese government.

  • Tom McIlroy
International students who stayed in Victoria queued for food vouchers when the pandemic hit.

Australia’s reputation as a great educational destination is at risk

Everyone has their two cents worth to contribute to the federal review of higher education. But some ideas are more dangerous – and destructive – than others.

  • Phil Honeywood
OECD secretary-general Mathias Cormann.

OECD pressed Labor to drop plan to reveal where multinationals pay tax

The OECD helped persuade Australia to water down a law that would have required thousands of multinationals to publicly say where they pay tax.

  • Emma Agyemang and Nic Fildes