Posts Tagged ‘economic rent’
Thursday, July 8th, 2010
photo credit: Grégory Tonon This week’s backdown by the federal labor government on the Mineral Resource Rent Tax will cost Australian taxpayers $35 billion over the next ten years. The shortfall in government revenues will be made up from taxes on work and taxes on business. That means it is coming out of your [...]
Tags: canberra, economic rent, Henry review, resource rentals, tax reform
Posted in Commentary | 1 Comment »
Thursday, June 10th, 2010
photo credit: Schaffner Sometimes the ignorance of experts makes my blood boil. Why can’t they do the arithmetic, the sums plainly before them? The Victorian Transport Plan will cost $38 billion and produce benefits of $180 billion, according to a state-commissioned report by Ernst and Young. If these numbers are right, the Plan [...]
Tags: canberra, council rating, economic rent, Henry review, infrastructure, land supply, land tax, Mr Brumby, tax reform
Posted in Commentary | No Comments »
Tuesday, June 8th, 2010
photo credit: loungerie The Henry Tax Review recommended a resource rent tax to the Australian government, carefully designed to maintain incentives and reward risk. The miners responded with apoplexy and a campaign of deliberate misinformation that has left the economically literate gobsmacked. Let’s get a few things straight. Searching for ore-bodies is not done by [...]
Tags: canberra, economic rent, Henry review, speculation, tax reform
Posted in Commentary | 1 Comment »
Friday, May 21st, 2010
photo credit: jcarter The Commonwealth of Australia was built on the sound principle natural resources are part of every Australian’s endowment. The Henry Tax Review recommended and the Rudd government has accepted a new tax system for mining that builds on this idea. The Super Profits Resource Tax (SPRT) provides the community a share [...]
Tags: canberra, economic rent, Henry review, infrastructure, land rent
Posted in Commentary | No Comments »
Tuesday, May 11th, 2010
photo credit: 10b travelling Clear-eyed media commentary in the national interest is rare and sweet. Alan Mitchell’s analysis of the Henry Tax Review in the Australian Financial Review - A tax on all your economic rents – is such a creature. He opens with a broadside at entrenched interests pretending the changes will affect the economy: [...]
Tags: Bryan Kavanagh, canberra, Dr Gavin Putland, economic rent, Henry review, housing, housing affordability, land tax, tax reform
Posted in Commentary | No Comments »
Thursday, May 6th, 2010
photo credit: pfala Letter to the Editor THE AGE, MAY 4: Bryan Kavanagh, Glen Waverley WHEN an owner leases out his or her former business as a going concern, i.e. the freehold and the business, it is not uncommon for the net profit before income tax and depreciation to be split equally between the landlord [...]
Tags: Bryan Kavanagh, economic rent
Posted in Letters to the Editor | No Comments »
Thursday, April 1st, 2010
The Australian Tax Office has released figures on the extent of negative gearing in Australia ahead of the Henry Tax Review. This is no accident. They are preparing the ground for Ken Henry’s changes. The picture drawn is not pretty: it shows the nation’s ‘aspirational’ landlords, heavily weighted with borrowings, perched on a twig, [...]
Tags: a running list of warnings, aspirational, beggar thy neighbor, boom-bust, depression, economic rent, FHOG, financial literacy, Henry review, housing, Ken henry treasury tax review, land supply, negative equity, recession, site rental, speculation, unearned increments of wealth
Posted in Commentary | 3 Comments »
Monday, September 14th, 2009
photo credit: Stuck in Customs On the first anniversary of the collapse of Lehman Brothers, this piece sums up the cause to the GFC, as predicted by 5 economists who subscribe to the line of economic thinking we promote: land rent theory. Dirk Bezener, the academic who collated the 12 economists who predicted the GFC, [...]
Tags: economic rent, fred harrison, housing, infrastructure, Michael Hudson
Posted in Commentary | 2 Comments »
Wednesday, August 6th, 2008
photo credit: Torley David Smiley All countries save about 25 percent of what they produce, their Gross Domestic Product or GDP, for investment as capital in future production. In national accounts these “savings” include environmental damage and natural resource depletion incurred in the process of production. This does not seem a very good measure of [...]
Tags: economic rent, Racked by Rent, rent seeking
Posted in Progress Magazine | No Comments »