Andrew Leigh

LABOR’S PLAN FOR THE SHARING ECONOMY IN INNER SYDNEY

 17 February 2016

Deputy Leader of the Opposition Tanya Plibersek and Shadow Assistant Treasurer Andrew Leigh today visited local start-ups to talk about Labor’s positive plan for cities and the sharing economy.

Meeting with Sydney start-ups SheSays and Maker’s Place, they discussed innovation and how important it is to create a fair and flexible framework of rules for emerging sharing economy services to ensure all Australians can share in the benefits. 

The sharing economy is changing the way we buy and sell things. It is also changing how we think about work and the line between private property and public goods.

E&OE TRANSCRIPT

RADIO INTERVIEW

ABC 774 MELBOURNE

MONDAY, 15 FEBRUARY 2016

SUBJECT/S: Housing affordability; Labor’s plans to improve fairness in the tax system.

RAFAEL EPSTEIN: It's a simple question: is negative gearing the tax break we need to change? Dr Andrew Leigh joins us to talk about this, he's the Shadow Assistant Treasurer and the Shadow Minister for Competition as well in Bill Shorten's Shadow Cabinet. Good afternoon.

ANDREW LEIGH, SHADOW ASSISTANT TREASURER: Good afternoon Raf, how are you?

EPSTEIN: I'm good. Andrew, have you got a negatively geared property yourself?

LEIGH: I don't, no. Just the one home, I'm afraid.

EPSTEIN: Because there's a ton of federal politicians who do, including I think, one of the Nationals Senators who owns about 42 properties. I just wonder if it gets in the way of politicians considering this properly?

LEIGH: Lucky for some, yes. It's worth thinking about the fact, Raf, that some of these politicians wouldn't be negatively gearing because they would be living in a Canberra residence and a residence in their electorate. But put all that to one side, the reason we're doing this is because it has become harder than ever for young Australians to break into the property market. The share of young Australians owning their own home is down 25 per cent from where it was in the early 1980s, when it used to cost you three times the average incomes to buy a home, rather than six times average income as it does today. The typical Melbourne home now costs more than $700,000 and so many people are saying: well, even if I've got my own place, what about my kids? How are my kids ever going to break into a property market like this? So by encouraging investors to move into new housing if they want to continue negatively gearing, and by grandfathering the existing arrangements, we get a boost in housing supply but without making anyone worse off who has made a decision under the existing rules.

E&OE TRANSCRIPT

RADIO INTERVIEW

2GB ALAN JONES SHOW

MONDAY, 15 FEBRUARY 2016

SUBJECT/S: Australian Olympic athlete Peter Norman.

ALAN JONES: It's almost four years since I spoke to Dr Andrew Leigh. He is the Federal Labor MP for Fraser, a very bright fellow who is the former professor at the ANU in the School of Economics before he went into Parliament. He is now the Shadow Assistant Treasurer. But we weren't talking about matters economic, although one day we should. We were talking about the late Peter Norman. Peter Norman died in 2006, he was the man that won a silver medal at the Mexico City Olympics in 1968 in the 200m event. Peter Norman had come in second place to the great American Tommie Smith, he ran 20.06 seconds which is unbelievable in 1968; it is still the Australian record. This was a time when black athletes in America when second class citizens. So the black athlete Tommie Smith won the 200 and the black athlete John Carlos won the bronze; Peter Norman, a white athlete, came a brilliant second. 

Taxation MPI 

11 February 2016

In 2005 Peter Costello said of the now Prime Minister:

Well, he didn't actually have a plan, he had 280.

Then he laughed and said:

So, you know, … if you didn't like one, there were 279 that you could look at.

I do not think Peter Costello was much of a Treasurer, but even a stopped Rolex is right twice a day. What Peter Costello nailed the member for Wentworth on was his inability to stick to a solid plan.

We Should All Give A Toss That There Aren't More Indigenous Faces on Our Coins - Huffington Post, 11 February 2016 

Depending on which historian you believe, the British monarchy may trace its roots back as far as the 9th century. It's an extraordinary legacy. It also means that when the monarchy first got started, Indigenous Australians had already forged at least a 38,000-year bond with the Australian continent.

The eighth anniversary of the apology to the Stolen Generations puts a national spotlight on the ongoing disadvantage of Aboriginal and Torres Strait Islander Australians. It is right that we do this, just as this week has seen the government bring down the eighth Closing the Gap Report. In 2016, persistent racial gaps in health, employment and education are a national disgrace.

We should apologise for the wrongs that were committed, and recommit to closing the gaps that exist. But we should also be proud of our Indigenous people. How cool is it, I tell my kids, that we share this continent with a people who have the longest continuing link to the land in the world? Indigenous Australians have been here for at least 40,000 years, and perhaps as long as 125,000 years.

To celebrate the traditional owners, I believe it's time that we replaced the monarch's face on our coins with faces of some of our most significant Indigenous people. When we toss a coin and call ‘heads’, I believe it should be an Indigenous Australian face we're hoping to see.

Appropriations Bills No. 3 & 4 

11 February 2016

It will please the House, I am sure, to know that the opposition does not intend to block supply. We will support the appropriation bills, which, combined, appropriate an additional $2.2 billion for the 2015-16 financial year, largely to reflect measures in the 2015-16 Mid-Year Economic and Fiscal Outlook, as well as machinery-of-government changes resulting from the leadership change last year.

The 2015-16 MYEFO was released on 15 December last year, passing largely unnoticed. But those who were following it would have noticed that the deficit was again up. The deficit blew out by $26 billion over the forward estimates—a blowout of $120 million a day between the 2015-16 budget and the 2015-16 MYEFO. Most economists would not regard the No. 1 test of economic management as being a government's ability to deliver razor-thin surpluses. That is why independent economists would not generally regard a Treasurer like Peter Costello as being Australia's best ever Treasurer. Certainly, that is reflected in the fact that poor old Peter never managed to get the Euromoney award, unlike treasurers Keating and Swan.

The Government has now spent almost $1.1 million in consultant fees alone for the Tax White Paper, despite the most senior Treasury officials being uncertain whether it will ever see the light of day.

In Estimates hearings this morning, Treasury confirmed it has spent $444,000 on contracts with KPMG and EconTech for economic modelling. This comes on top of the $650,000 in advertising, design and market research costs revealed during last year’s Estimates hearings.

When asked whether the Tax White Paper process was alive or dead, Treasury Secretary John Fraser said he was still “waiting for direction” from the Government.

Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015 and cognate debate

10 February 2016

Labor announced its intention for a new tax regime for managed investment trusts in 2010, and with the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015 the Abbott-Turnbull government is proceeding with work started under Labor. Because this bill advances work that was commenced under the Labor government, we support its intent and many aspects of it. However, we are concerned about a number of specific provisions following our consultations with stakeholders since the tabling of the bill. We therefore refer the bill to the Senate Economics Legislation Committee for further scrutiny. Labor reserves our final position on this package until the Senate Economics Legislation Committee reports. We leave open the possibility of moving amendments in the Senate.

IS THE GOVERNMENT OUTSOURCING TAX COLLECTION TO SNITCHES?

In their latest attempt to look busy on multinational tax, reports today suggest the Government is considering a plan to have employees snitch on their bosses in return for a cut of the returns.     

This comes from a government that has cut 4,700 jobs from the Australian Tax Office, including around 1,000 jobs specifically from its Audit area. 

It is finally realising two years too late that sacking the staff who monitor tax compliance is no way to ensure everyone pays their fair share of tax.

Companies have innovated, now it's government's turn, Sydney Morning Herald, 9 February

It can be hard to spot trends while they’re happening. But looking back on 2015, it’s pretty clear this was the year the sharing economy really took off in Australia.

Services like Uber and Airbnb went from emerging services to major market players, while new Australian companies like Airtasker and ParkHound grew from start-ups into fully-fledged firms.

As these services have expanded, there has also been an effort by some state governments to work out new rules and regulations that address issues like safety in the sharing economy without smothering its growth. The ACT became the first Australian jurisdiction to legalise ride-sharing services such as Uber in October, followed by New South Wales in December. The Tasmanian Government has promised to introduce a similar bill in the first half of 2016. Many local governments have also begun working out new rules for sharing things like homes and carparks. 

It’s been heartening to see some of the states and territories embracing the challenge of the sharing economy. But now we need the Federal Parliament to also step up.