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I’ve just completed a two-week research project in Washington DC into the laws governing the operations of the Internal Revenue Service (IRS). The IRS’s operations are starkly and vastly superior to those of the ATO. The difference is in the laws covering the IRS.

Here’s my brief two-minute YouTube overview of what I’ve discovered.  More...

Finally, a reaction is happening from ‘the peoples’ parliament

I was in London in early August networking with key campaigners on UK small business tax issues. This included our long-time friends at contractorcalculator and (separately) the Association for Independent Professionals and the Self Employed (IPSE). The reason for meeting up with our friends was to achieve a deeper understanding of the behaviour of taxing authorities internationally. More...

Since the Global Financial Crisis, unemployment has dropped to low levels in most of the developed world at least. That’s fantastic. It needs to continue.

One of the important factors in this positive trend seems to be the evolution of work arrangements that enable quick responses to fast-moving markets and consumers. Flexible work creates work! But this gets regulation-lovers worried. They reckon that if work isn’t controlled through government regulation, there’s got to be something wrong. Currently their focus is on the so-called ‘gig’ economy. Apparently, it’s a big ‘problem’ that needs a solution.  More...

Here’s an amazing admission. The United Kingdom tax authority, HMRC, has admitted that it does secret deals to avoid damaging the reputation of the most powerful members of society, allowing them to escape prosecution for financial crimes. But it still prosecutes small business people!

Gob-smacked? Yep! Talk about one rule for the rich and another for the ordinary person. We thought the UK is a democracy and isn’t there this historical thing called Magna Carta??? More...

Technology is crushing traditional jobs. The command-and-control factory is being replaced by robots. Banks are rapidly removing pen-pusher jobs by the tens of thousands!!! For those with an economic bent, the Milton Friedman-type assumptions about how an economy operates are dead!

What’s taking over is the ‘gig’ economy. But what is it?  It’s pretty simple really.  More...

Some claim that freelancing, self-employment, whatever you want to call it, is surging in developed economies. For example: More...

ICA Executive Director Ken Phillips spoke at a ‘Liberty’ conference in Sydney over the weekend. With over 350 people in attendance and with more than 70 speakers it was a stimulating, ideas-packed weekend. Not everyone agreed with each other, but all present agreed on the right to speak freely.

Ken talked about how we at ICA have used the Australian Constitution to defend individual liberty, specifically the right of people to be self-employed. You might recall last year our:  More...

Owner-drivers
You’ll recall the mess last year in the attempts to destroy the businesses of owner-drivers in Australia.

However, the Victorian government is now reviewing its owner-driver laws, laws that we say are pretty good as they stand. We don’t think the review is looking to set up price-fixing as happened under the disbanded federal law. But Federal Labor voted to keep the disbanded laws. Who knows what the Victorian Labor government’s agenda might be? We urge owner-drivers to keep a close eye on this. More...

On Friday ‘The Trump’ becomes US President leading to, who knows? Meanwhile, Putin outmanoeuvres everyone as the master puppeteer of the Syrian ‘solution’. Ultimately it’s about oil? Chinese President Xi Jinping is the star attraction at the Davos capitalist soiree. That’s unsurprising! Based on purchasing power comparisons, China is now the world’s largest economy. The British pound is travelling south due to Brexit. Several pending elections in European countries could well see further disintegration of the EU.

From these snapshots the only thing we can say about economic certainty is that we live in a period of economic uncertainty! So do global forces make us powerless? No! More...

Last week, our Executive Director, Ken Phillips, contemplated some ‘revolutionary’ thoughts around self-employment as part of the summer break ‘think’ process.  

Trump
But those thoughts are minor compared with President-elect Donald Trump’s proposals for self-employed people in the USA. According to Forbes magazine and CBSNews,  Trump is going to open the tax floodgate for the self-employed, allowing them to access the 15 per cent tax rate he intends to apply to companies.  More...