David Collyer

Oz lottery: Win $85 billion in Stamp Duty reform

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Peter Martin, Australia’s clearest economic writer, has turned his icy gaze to Stamp Duty. This vile tax causes real harm to all of us and begs to be struck from the statute books. Yes, it is a state tax. Yes, the feds can push reform along and add $85.5 billion to the economy. “There’s no […]

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Australia’s democracy destroyed – for thirty pieces of silver

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Matthew Stevens, the AFR’s kindly mouthpiece for big miners, is today promoting a range of very bad ideas that suit his, ahem, audience. The article is paywalled from sheer embarrassment. He lauds the political destruction of WA Nationals’ leader Bernard Grylls for wanting to raise the 25c a tonne royalty on WA iron ore to […]

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Who will fight Oil&Gas in Australia’s national interest? The boxing ring is right here…

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Craig Emerson, principal architect of Australia’s Petroleum Resource Rent Tax, is out in the AFR today fighting for good taxes and sound economics. For thirty years, the PRRT had been a successful revenue-sharing device, delivering well over $33 billion to consolidated revenue, derived from the economic rents of resource extraction and thus causing no harm. […]

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NSW fire services to be funded by the land

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The NSW government is reforming how it funds fire services, removing the charge on fire insurances and introducing a land-based levy. NSW Treasurer Dominic Perrottet says: “Eliminating the old (Emergency Services Levy) is expected to reduce insurance costs on residential property by an average of $233, leaving fully-insured residential property owners better off by $47 […]

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Eureka! The Black Dragon has an epiphany

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Louis Christopher of SQM Research – aka Black Dragon – has seen through the maze of deceit to properly identify the national interest and yesterday published Five Solutions to Housing Unaffordability Crisis. His prescription is simple: cut immigration, grow in the regions, exchange stamp duty of land tax, cut construction costs and phase out negative […]

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Victoria to tax vacant properties into use

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Premier Daniel Andrews announced a range of housing affordability measures Sunday, some of which will help. The eye-opener is the introduction of a Vacant Residential Property Tax at one per cent of the capital improved value on properties held vacant for six months or more. This mimics Vancouver’s Vacancy Tax introduced last November – also […]

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This government wouldn’t fight for a trillion dollars

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Treasury is asking why the Petroleum Resource Rents Tax collects only a fraction of the revenues it could. Actually, they know exactly what is wrong, but need public consultation in case someone has a bright idea to fix this broken tax without conflict. There are billions of dollars involved. If government wants the money, a […]

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The WA Barnett government will be destroyed – who benefits?

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The West Australian state election March 11 will be quite a fight. The few opinion polls suggest a handsome victory to the McGowan ALP opposition. ReachTEL has 55-45 two party preferred and Newspoll 52-48 in favour of Labor. Minor parties campaigning in the ashes of the failed Barnett government could stymie this. Greens and Socialists […]

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Does Berejiklian want to play Monopoly? Does Perrottet?

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Damien Perrottet, deputy to the new NSW Premier Gladys Berejiklian, is retreating from the former Baird government’s plan to sell a 35 year lease of the NSW land titles register. NSW’s conservative government is ahead in the polls – and Berejiklian appears determined to keep it that way, even if it means abandoning unpopular measures. […]

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Proust wants a 15% GST hike = Eat the Poor.

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The calls for tax reform come thick and fast – like hammer blows upon the Turnbull government, on its knees praying for a recovery in public opinion. The AFR today gave Australian Institute of Company Directors CEO Elizabeth Proust the pulpit to call for an increase in the Goods and Services Tax to 15 per […]

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