The bank cartel has a new enemy

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The federal Treasurer Scott Morrison used parliament yesterday to fire an extraordinary broadside at Australia’s banking cartel. Conservative governments rarely indulge in the public thrashing of such major supporters of the status quo. Morrison and the Turnbull government are absolutely furious with the big 4 banks and Macquarie for their brazen pursuit of self-interest at […]

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Gladys can’t handle the heat – NSW fire reforms go up in flames

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The NSW government is reneging on the small, high quality reform of funding emergency services with a land charge instead of the very bad levy on fire insurance. Blue-rinse dragons of Mosman saw red – they will be paying $500 a year on median land values of $1.84 million while scumbag Fairfield holders with a […]

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Aim for Prosperity

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President Catherine Cashmore on The Shtick, explaining Prosper’s tax reform agenda.

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Mozambique model creates jobs and food… can this work in South Africa?

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by Peter Meakin South African Constitutional Property Rights Foundation Will Minister Gigaba encourage the trafficking of South Africa’s unemployed to Mozambique? Realistically, the best chance for South Africa’s 8.5 million jobless is a single bus ticket to Maputo. Work prospects there are unlimited because access to fertile land is free. That alone is a treasure […]

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Pitfalls loom for vacancy taxes

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Governments make token moves in the right direction The Federal government announcement of a vacancy tax on foreign investors could be construed as pure populism. Foreign investors constitute some 11% of all residential property purchases. Barely 3% of those purchasers are the much vaunted Chinese investor. Domestic investors are up to four times more significant. […]

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Reading tea-leaves won’t help – look at the tax bases

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Cameron Kushner of CoreLogic has offered an interesting analysis of property tax bases in Taxation Revenue From Property Continues to Climb. Tax bases reveal more about a country’s future prospects than Treasury forecasts and economist sooth-saying. Where and how it taxes is the single most important tool government has to foster national prosperity. It is […]

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The young can’t count; the young don’t matter

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Last night’s federal budget included a fat gift to downsizing homeowners over 65 who can now put up to $300,000 from their house sale into superannuation, allowing many to keep their (part) pension and, most importantly, unlimited free healthcare. This stunning generosity to the asset-rich is in striking contrast to the Turnbull government’s behavior toward […]

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Victoria gets annual land valuations

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The Andrews government has announced State Land Tax will be calculated annually rather than every two years, a painless inexpensive reform Prosper urges all states to adopt. The Valuer-General’s assessment is used to calculate council rates and land tax. Valuers today use computer-assisted mass appraisal to determine what land is worth, so upgrading the biennial […]

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Victorian Budget Submission

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Preamble Prosper Australia welcomes the opportunity to contribute to the 2017- 2018 Victorian budget as a leading non-government economic research organisation highlighting the political-economy of land, natural resource and monopoly rents. This submission focusses on the role of State Land Tax (SLT), which is the fairest and most efficient tax, at a time when the […]

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https://prosper.org.au/2017/05/