Ken Henry and his team’s hard work looks to have paid off. Initial readings show the undeniable truth that land based taxes are the most efficient taxes. Look at the attached graph (via KPMG, not Henry) showing that The Resource Rent Tax, Municipal Rates and Land Taxes are the three with the least marginal loss. [...]
photo credit: anarchosyn The Henry Tax Review’s highlighting of Land Tax as a policy direction is a welcome and encouraging development, says Prosper Australia. “This is THE tool to liberate the people of Australia from their current financial difficulties,” Prosper Australia’s Karl Fitzgerald said today. “Consider the enormous economic benefits this reform offers. “Taxing land [...]
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