On the show this week: Prime Minister Malcolm Turnbull has announced the biggest change in federal-state relations in almost three quarters of a century. The Government is proposing states raise their own income tax to cover the costs of health and education, instead of relying on federal funding. Opposition Leader Bill Shorten, calls it “double taxation” and unfair. So is this the tax reform the Government promised?

Also, the Australian dollar is back up over 75 US cents, putting the Reserve Bank at the edge of its seat. We look at trends impacting the dollar, and what we can expect in the future.

We also look abroad with China posting its lowest yearly growth rate since 2001 and The International Monetary Fund predicting an even greater slowdown in the next two years. Is Australia ready for the economic impact? We ask the experts.

Show features:

· Chris Evans, Professor of Taxation at UNSW and former Head of Atax

· Saul Eslake, independent economic analyst

· Lindsay David, author of ‘Australia: Boom to Bust’ and founder of LF Economics and Lcrowd.

Producers: Andrew Barclay, Vincent Su, Callum Morgan and Roderick Chambers

Executive Producer: Catherine Zengerer