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…
photo credit: TerenceKearns.com Residential planning approvals fell another 6.6 per cent in May. No, this isn’t proof the housing bubble is over, but it hints broadly at that conclusion. I try to warn friends of the impending crash. They dismiss…
“Gillard must come out strongly and call the lobbyists for who they are. She must assert control over the RSPT rather than negotiate with each and every individual company.
photo credit: looseends Saturday mornings at the Richmond market. I hear a fruit stall worker calling his wares: “Last of the carrots! A dollar a bunch! AND THERE’S NO MORE!” Of course, he has carrots by the boxful under…
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…
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…
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…
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.…
photo credit: raminders We follow the glitter of celebrities and our football teams and let others do the dull work of government. Our dreams are about homes, cars and holidays. But sometimes an issue is so important it deserves…
photo credit: anarchosyn The Henry Tax Review’s highlighting of Land Tax as a policy direction is a welcome and encouraging development, says Prosper Australia. “This is THE tool to liberate the people of Australia from their current financial difficulties,” Prosper…