Victorian Treasurer Tim Pallas will deliver the state’s 2016 Budget in a few minutes. Surpluses totalling $9.2 million over the next four years are pre-announced, as is the foreign property buyers’ Stamp Duty surcharge of 7 per cent and the…
The Andrews government will double the foreign property buyers’ Stamp Duty surcharge and triple the State Land Tax surcharge in the forthcoming Victorian budget – evidence they well understand the damage rent-seeking creates and how to change behavior. Our very…
by Lindsay David reposted from Australia – Boom to Bust ASIC has the backbone of a chicken wing when it comes to enforcing the rule of law; this is widely recognised in Australia and resulted in a Parliamentary inquiry. If…
by Dr Gavin Putland reposted from grputland.com If you want to expand your business, you probably need to hire people. But you can’t hire them unless they can afford to pay for housing within commuting distance of your business premises,…
The High Court of Australia has affirmed the right of a west Tasmanian council to levy rates on the seabed. It is still land, even underwater. Council saw the land under eight marine farming leases as ‘rateable land’, Tasmania’s Valuer…
The national pastime of withholding land from use and enforcing scarcity has been boosted in the NSW Supreme Court when developer Metricon won a land tax case against the Chief Commissioner of State Revenue. Metricon successfully argued grazing a few…
by Philip Soos cross-posted from Independent Australia Banks, abetted by government, want you to keep getting crippling mortages to pay for vastly overpriced land, but the party can’t last forever. Over the last 20 years, housing has developed a reputation…
Something is up when the NSW Business Chamber allies with the NSW Council of Social Services and the Australian Manufacturing Workers Union. Stern champions of enterprise have jumped into bed with hand-wringing defenders of the down-trodden and cloth-cap unionists– and…
Prime Minister Malcolm Turnbull has positioned the Commonwealth Government to introduce a 1% federal land tax and reform our bust political system that denies voters the right to hold government accountable. Overnight, the states rejected the Prime Minister’s call to…
Malcolm Turnbull today offered a gift of $1000 to every man, woman and child in Australia. The money will come every year forever – if the states and territories end Stamp Duty and fund this by removing the exemptions and…