Prosper Australia

“When you’ve paid your rent, you’ve paid your tax.”  “So what’s a Georgist?” you ask. A Georgist (or at least a “full-on” Georgist) is someone who says there should be no taxes except those on land values, payable by the owners — and is keen to explain that “land” doesn’t include buildings. (It does include [...]

photo credit: spike55151 Dr Terence Dwyer  - B.A. (Hons) B.Ec. (Hons) (Syd.) M.A. Ph.D. (Harvard), Dip. Law (Syd.), FTIA, Visiting Fellow, Crawford School of Economics and Management, Australian National University. Dr Dwyer’s Submission to the Henry Tax Review Executive Summary The Treasury tax paper acknowledges the three factors of production but needs to follow through [...]

photo credit: The Rocketeer The State Government has come under more pressure from the property lobby in Government Criticised for not cutting Land Tax “The Treasurer should have provided stamp duty and land tax relief as measures to stimulate demand for property investment. They could have done that by increasing existing thresholds or reducing rates.” [...]

The tax unit for an asset-holding tax should be the asset! Gavin Putland Recommendation 10 of the Draft Report of the IPART Review of State Taxation suggests “changing the tax unit for land tax from joint ownership to the individual” as a means of reducing complexity caused by aggregation of site values. That raises the [...]