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“Before the Second World War the states were the drivers of Australian fiscal policy, collecting the bulk of taxes and doing most of the spending. The commonwealth was a relatively minor player.
In 1942, however, the states agreed to commonwealth taking over income tax powers.
Today, for the first time since then, the balance of power in the Australian federation is shifting from the commonwealth back to the states and territories.” (The Mandarin 28/4/21)
How governments raise, spend and re-distribute ‘OUR’ money should be an issue of critical interest to all Australians.
Maria MacNamara
IdeaSpies
Jonathan Chrimes