Latest News & Commentary
Treasurer Hockey supports ending stamp duty for land tax
PRESS RELEASE 19 May 2015 MELBOURNE:- Federal Treasurer Joe Hockey has endorsed moves by South Australia to abolish Stamp Duty and replace it with a nil exemption, broad-based land tax. He said the cost of an annual land tax would likely be less in the long term than...
Australia’s land price conundrum
by Bryan Kavanagh reposted from On-Line Opinion Whilst in Newgate Prison (1827-1830) for the abduction of heiress Ellen Turner, Edward Gibbon Wakefield had a great idea. If you kept land prices high in the new British colonies, people could be forced to work like...
Budget deadweight, Prosper happenings
Join our fortnightly enews on all things evolving economics. Read past editions. Share with your friends! Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia MAY 2015 Gratis Tech Crash 101 Our deepest apologies...
WA budget wins Golden Banana Award
West Australia's Barnett government has just handed down its budget. It is the ugliest baby I have ever seen. The AFR reports: All key financial measures have been blown apart in the state budget, with net debt (above $30 billion) cash deficits (above $5 billion) and...
Maintain Compulsory Voting
Lynn Friedman via Compfight Letters to the Editor 14th May, 2015 Herald Sun Let's hope those clamouring for election reform here take a good look at the UK result. One party now has 51% of the seats from 36.9% of the vote. As voting is voluntary, only 66.1% of those...
The Census saved!
The Abbott government has agreed to spend $250 million on the 2016 census and to replace the Australian Bureau of Statistics computer systems, parts of which are 30 years old. The census is a critically important national statistical tool. It measures population and...
Foreign investment curbs benefit Australian investors
Over the weekend the Andrews Government announced a tax on foreign investment in Victorian real estate. This includes a 3% Stamp Duty surcharge and a 0.5% Land Tax premium for absentee owners. On top of the $5,000 foreign investment fee announced by the Federal...
Value Capture for Victoria
Debate over the new Melbourne Metro Tunnel and the funding needed is expected to heat up now that PM Abbott has said the $1.5 for the E-W Link is 'locked in a box'. An interesting article in The Age highlighted the need for value capture: One idea floated this...
Hudson: Labor Incentives in the Ancient Near East
Prof Michael Hudson on the Ancient Near East by Renegadeeconomists on Mixcloud 04/01/2015 An interview on the new Michael Hudson book - Labor in the Ancient World, the latest in the series on the Ancient Near East, co-edited with Piotr Steinkeller. Karl: Welcome to...
Prosper urges SA government to end Stamp Duty for State Land Tax
The South Australian government is undertaking a tax review to boost state competitiveness and economic efficiency. Their main focus is considering abolishing conveyencing Stamp Duty and funding this by removing exemptions from the existing State Land Tax. Prosper...
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