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Peter Martin

Peter Martin is the Economics Editor for The Age.

Tax

GST must rise as deficit decade looms for budget, says Treasury boss Martin Parkinson

Peter Martin and Mark Kenny Treasury boss Martin Parkinson says the goods and services tax will have to be boosted or broadened if the budget is to have any hope of returning to surplus.

Analysis

Coalition once bitten, twice shy on Medibank Private numbers

Medibank private.

Peter Martin The government was cautious for a good reason when asked what selling Medibank Private would do for the budget.

Bill Shorten claims budget deception after analysis reveals fears inflated

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Mark Kenny, Peter Martin Opposition Leader Bill Shorten has defined the first Coalition budget as a test of leadership, economic management and, ultimately, honesty, saying the government was already deceiving voters over...

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Future prosperity built on trust, says Access Economics

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Peter Martin Trust is the most important commodity apart from minerals that Australia has to offer to offer consumers overseas, a new assessment of growth opportunities has found.

Gap between pension and Newstart widens further

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Peter Martin The age pension is approaching $20,000. The latest increase, to $19,916, opens up the widest gap yet between the single pension and the single Newstart unemployment allowance of $13,273.

Newstart recipients falling behind as age pension nears $20,000

Pension age

Peter Martin The age pension is approaching $20,000. The latest increase, to $19,916, opens up the widest gap yet between the single pension and the single Newstart unemployment allowance of $13,273.

World wants a bit of our boring

Peter Martin "Trust" is the most important commodity Australia has to offer overseas consumers apart from minerals, a new assessment of growth opportunities has found.

Productivity Commission lacks passion for public-private projects

Peter Martin Of all the strange things to have flowed from the corruption inquiry engulfing the former assistant treasurer, few are stranger than his use of the word ''passionate''.

ASIC will not take action against financial planners who flout advice law

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Peter Martin Financial planners will be able to break the financial advice law with impunity unless a client takes private action, the government says.

Taking an axe to acts will change little for man on the street

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Peter Martin It's easy to slash red tape when it changes nothing. Tony Abbott says by axing 10,000 acts and regulations he will help ''the local newsagent, dry cleaner, baker and butcher''.

Tony Abbott's proposed financial advice red tape cuts 'could raise risk'

Red tape, humanitarian visas and Arthur Sinodinoa (Thumbnail)

Peter Martin Financial planners will be able to break the financial advice law with impunity unless a client takes private action, the government has revealed.

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Financial advice regulation changes to be fast-tracked by government

Arthur Sinodinos

Peter Martin The government plans to introduce legislation aimed at neutering parts of Labor's financial advice reforms on Wednesday under the cover of the Prime Minister's statement on red tape reduction.

Abbott Government will bypass Parliament to change financial advice act

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Peter Martin The government plans to introduce legislation aimed at neutering parts of Labor's finance advice reforms on Wednesday under the cover of the Prime Minister's statement on red-tape reduction.

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Buoys for the jobs as the ABS pulls its figure out

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Peter Martin An extra 80,500 full-time jobs? Don't believe it for an instant. The Bureau of Statistics doesn't, and it produced the figure.

Tony Abbott rejects pay per kilometre driving tax

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Peter Martin, Jonathan Swan Tony Abbott has immediately rejected a controversial suggestion by the Productivity Commission, which would involve charging motorists for kilometres travelled rather than on fuel.

Economy: Consumer confidence nosedives

A boost to cosumer confidence doesn't mean Christmas will be all good news for retailers.

Peter Martin Consumer confidence has collapsed, sliding to its lowest point since the Gillard prime ministership as Labor supporters despair about jobs, the economy and business profitability.

Drivers may pay per kilometre

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Peter Martin and Jason Dowling A Coalition-commissioned inquiry has plumped for a big-brother style "eye in the sky" applying tax to kilometres travelled rather than on fuel.

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Consumer confidence dives to lowest level since Gillard era as job-loss fears escalate

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Peter Martin Consumer confidence has collapsed, sliding to its lowest point since the Gillard prime ministership as Labor supporters despair about jobs, the economy and business profitability.

Fall in iron ore price could cost Australian economy $4b

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Peter Martin, Mark Kenny An astounding 12 per cent slide in the price of iron ore could wipe as much as $4 billion off budget revenues, experts said.

Qantas and Etihad skirting the law, warns competition regulator

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Peter Martin Qantas and one of the key shareholders in Virgin Australia are skirting the law in their apparent attempts to negotiate a truce over prices and capacity, Australia's top competition regulator has...