Is Australia's tax system too reliant on income tax?

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Is Australia's tax system too reliant on income tax?
Join Sean Aylmer &amp; Michael Thompson as they answer questions on business, investing, economics, politics and more. If you have your own question for Ask Fear &amp; Greed, get in touch via our&nbsp;<a href="https://www.google.com/url?q=http://fearandgreed.com.au&amp;sa=D&amp;source=calendar&amp;ust=1750682443590397&amp;usg=AOvVaw3DlN3TMnI1Oj6VkZ4A9kSP">website</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.linkedin.com/company/fear-and-greed&amp;sa=D&amp;source=calendar&amp;ust=1750682443590397&amp;usg=AOvVaw1w9nfmbgfZ0g5yLDfXkw41">LinkedIn</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.instagram.com/fearandgreedpodcast/&amp;sa=D&amp;source=calendar&amp;ust=1750682443590397&amp;usg=AOvVaw38iiCmLnCO6HW4U2SW_fEn">Instagram</a>&nbsp;or&nbsp;<a href="https://www.google.com/url?q=https://www.facebook.com/FearAndGreedPodcast&amp;sa=D&amp;source=calendar&amp;ust=1750682443590397&amp;usg=AOvVaw2aaFdv4RIkBq830ozbe5u_">Facebook</a>!

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

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Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Ask Fear & Greed: Are we too reliant on income tax?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/71df07fd-b034-4914-a1c3-b30000d0506b/transcript

This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.


ASX down 2.2pc for week


Fuel prices hit Coles


Cyclone Narelle crosses Cape York


Smiggle sales drop


Europe, Japan to help clear Strait of Hormuz

Join our free daily newsletter here.

This is the&nbsp;<a href="https://fearandgreed.com.au/">Fear &amp; Greed</a> Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
<ol data-start="0" data-end="185" data-is-last-node="" data-is-only-node="">
<li data-section-id="19r6jfv" data-start="0" data-end="31">
ASX down 2.2pc for week
</li>
<li data-section-id="nl08zv" data-start="32" data-end="76">
Fuel prices hit Coles
</li>
<li data-section-id="8c03ce" data-start="77" data-end="108">
Cyclone Narelle crosses Cape York
</li>
<li data-section-id="137m4il" data-start="109" data-end="150">
Smiggle sales drop
</li>
<li data-section-id="1d04aqn" data-start="151" data-end="185" data-is-last-node="">
Europe, Japan to help clear Strait of Hormuz
</li>
</ol>
Join our <a href="https://fearandgreed.com.au/newsletter-signup">free daily newsletter here</a>.

Afternoon Report | ASX down for week

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/b0f4db23-a0e5-456b-85ef-b41300639ae8/transcript

Friday 20 March 2026

The National Cabinet establishes a fuel taskforce as the competition watchdog launches an investigation into the petrol companies. 
The unemployment rate jumps to 4.3 per cent
International airfares, having already risen, are set to go even higher
The richest 250 Australians revealed
Gas supplies targeted in the war in the Middle East

Join our free daily newsletter here.

And don’t miss the latest episode of How Do They Afford That? - this week: dream holiday, sensible budget. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.

Friday 20 March 2026
The National Cabinet establishes a fuel taskforce as the competition watchdog launches an investigation into the petrol companies.&nbsp;
<ul>
<li aria-level="1">The unemployment rate jumps to 4.3 per cent</li>
<li aria-level="1">International airfares, having already risen, are set to go even higher</li>
<li aria-level="1">The richest 250 Australians revealed</li>
<li aria-level="1">Gas supplies targeted in the war in the Middle East</li>
</ul>
Join our<a href="https://fearandgreed.com.au/newsletter-signup"> free daily newsletter here</a>.
And don&rsquo;t miss the latest episode of<a href="https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/"> How Do They Afford That?</a> - this week: dream holiday, sensible budget. Get the episode from<a href="https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235"> APPLE</a>,<a href="https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14"> SPOTIFY</a>, or anywhere you listen to podcasts.

ACCC investigates petrol stations; unemployment jumps; airfares set to rise

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/1efe1b8c-448f-4cde-acd6-b41200de414e/transcript

Australian businesses are under pressure — rising costs, tighter margins and the push to adopt AI.

But many companies may be trying to solve the wrong problem - Instead of focusing on roles, they should be focusing on tasks, because much of the work being done today is unnecessary, duplicated, or simply too expensive.
 
Jarra Borman is the Director of Strategy at consultancy Outrun Global. He speaks to Sean Aylmer about why businesses are “tanking their own capacity”, why employees spend just 27% of their time on skilled work, and how a simple shift in thinking can unlock major productivity gains.

To find out more, Outrun's new guide: The Top 10 Tasks to Optimise for the Biggest Impact is available here.

Outrun Global is a supporter of Fear & Greed.

Australian businesses are under pressure &mdash; rising costs, tighter margins and the push to adopt AI. But many companies may be trying to solve the wrong problem - Instead of focusing on roles, they should be focusing on tasks, because much of the work being done today is unnecessary, duplicated, or simply too expensive. &nbsp; Jarra Borman is the Director of Strategy at consultancy Outrun Global. He speaks to Sean Aylmer about&nbsp;why businesses are &ldquo;tanking their own capacity&rdquo;, why employees spend just 27% of their time on skilled work, and how a simple shift in thinking can unlock major productivity gains. To find out more, Outrun's new guide:&nbsp;<a href="https://www.google.com/url?q=https://go.outrun.global/fearandgreed&amp;sa=D&amp;source=calendar&amp;ust=1774358874720407&amp;usg=AOvVaw3VZNhfFdA7E1s4phWrHRdb">The Top 10 Tasks to Optimise for the Biggest Impact&nbsp;is available here</a>. Outrun Global is a supporter of Fear &amp; Greed.

Q+A: Only 27% of work actually matters - here’s the fix

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/3d7c2226-f5b8-45d0-86fe-b41200ddf0ad/transcript

Ask Fear & Greed: Are we too reliant on income tax?

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