Posts Tagged ‘resource rentals’
Thursday, January 24th, 2013
Linc Energy today announced a major shale oil and gas discovery around Coober Pedy in South Australia. Unrisked prospective reserves have been separately estimated by two independent consultancies at 103 and 233 billion barrels of oil equivalent. That is an extraordinary find. The low estimate is equivalent to Kuwait’s proven reserves and the high [...]
Tags: David Collyer, economic rent, resource rentals, tax reform
Posted in Articles | No Comments »
Wednesday, June 6th, 2012
“The greatest source of redistribution to the rich occurs through the land market, which is usually the largest tangible market in modern economies.”
Tags: economic rent, fred harrison, Philip Soos, resource rentals, tax reform, wealth gap
Posted in Articles | 1 Comment »
Thursday, May 31st, 2012
PM Gillard’s defiant speech to the Minerals Council of Australia yesterday – asserting national ownership of our mineral wealth and the country’s right to a share of the bounty being dug up and shipped out – was good politics, good economics and a much needed assertion that government makes the decisions, not the wealthy. But [...]
Tags: canberra, David Collyer, economic rent, Henry review, resource rentals, tax reform
Posted in Articles | No Comments »
Tuesday, March 6th, 2012
Philip Soos’ latest withering attack on privilege from The Conversation today. Over the last year or so, the Occupy movement has garnered wide attention, with people of all backgrounds gathering to protest the deteriorating social conditions. However, these grievances have been running for decades. The bottom 80% of US income earners have seen their wages [...]
Tags: canberra, economic rent, fred harrison, Henry review, resource rentals, tax reform, wealth gap
Posted in Articles | No Comments »
Thursday, June 30th, 2011
photo credit: yewenyi “The mismanagement of both the federal tax powers and Australia’s natural assets by the Gillard government is sickening,” Prosper Australia Campaign Manager David Collyer said today. “They are allowing the miners to gouge our country twice.” “Treasury modelling estimated the new mining tax negotiated by the Gillard government will bring in $100 [...]
Tags: canberra, economic rent, Henry review, resource rentals, tax reform
Posted in Press Releases | No Comments »
Thursday, March 3rd, 2011
Last Thursday, the Australian Financial Review leaked Treasury forecasts that the revenues lost in the Gillard Government’s back down on the mining tax will exceed $100 billion over the next ten years
Tags: canberra, economic rent, mining tax, resource rentals, tax reform, wealth gap
Posted in Commentary | 1 Comment »
Thursday, February 17th, 2011
If anyone needed evidence that we live in a plutonomy, here it is. Australian citizens would be rioting in the street if they understood this conspiracy.
Tags: canberra, economic rent, Henry review, resource rentals, tax reform
Posted in Articles | 1 Comment »
Thursday, January 27th, 2011
The Gillard government today announced a levy on income taxes to pay for the Queensland floods: half a per cent on incomes over $50,000, one per cent on incomes over $100,000
Tags: bailout, canberra, Henry review, infrastructure, resource rentals, tax reform
Posted in Articles, Commentary | No Comments »
Tuesday, November 9th, 2010
photo credit: Fabrice ROSE The Senate Select Committee on New Taxes is pondering the implications of the Mineral Resource Rent Tax, holding a hearing yesterday in Perth. Here is a new tax measure that, even diluted for the election, will still raise over $10 billion a year. This is a beautiful tax: it doesn’t distort [...]
Tags: canberra, economic rent, Henry review, infrastructure, resource rentals, tax reform
Posted in Commentary | No Comments »
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 »