The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Friday, July 2, 2010

The RSPT, which I called a dead-tax-walking a while ago, has now been officially put in the electric chair

The RSPT will be consigned to the text books as a case study in how not to develop and release policy. Gone is the 40% threshold, the 40% loss-sharing offset, the circa 6% benchmark rate (it will now be govt bonds + 7%), and the application to all resources (now just iron ore, coal, onshore petroleum, and gas). Read about it here. You can also read my original take, with 146 comments, here.