Pallas backhands ‘Tennis Court Exemption’ as Vic’s finances shrink away
Victorian Treasurer Tim Pallas has pre-announced Land Tax changes ahead of Monday night’s state budget. Expect a dramatic budget contraction as Victoria’s key ‘own revenue’ source, Stamp Duty, has shrunk with the fall in both property transaction volumes and prices....How much is a politician’s skin worth?
The IMF has added its voice to the calls for Australia to reform how we tax ourselves to be more productive, fairer and better placed to manage the headwinds ahead. Its annual consultation report with the Australian government says: “Stamp duties should be...What silly kind of a tax raises no money?
Overseas buyers of Melbourne real estate have had to pay a Foreign Purchaser Additional Duty since mid-2015. The tax raised $133 million last year, according to official figures released to The Age under Freedom of Information. The newspaper tried to suggest this tax...
Dear God, whose side are you on?
Meander Valley Council in Tasmania will sell a family’s home at public auction in three weeks unless they pay their overdue rates. This reluctant display of the authority of government illustrates the limits and strengths of land title in Australia. The Examiner...Republish this article
Republish our articles for free, online or in print, under Creative Commons licence.