Late last year, the NSW Liberal/National government revealed plans to sell off the NSW Lands Office and retained JPMorgan to produce a scoping study. The Victorian Liberals tried this on before the last state election, and lost. Many will simply…
By Michael Janda Online business reporter with the ABC. Reposted from The Drum Increasing the GST is widely presented as the logical, perhaps the only, solution to Australia’s revenue shortfall, but it is a deeply flawed tax and there are…
by Cameron Murray Reposted from macrobusiness I often joke that my investment property earns more than I do. Thinking more about this lead me to the realisation that my investment property has a privileged position in the tax system when…
In other news, our colleague Michael Hudson (who will appear on next week’s Renegade Economists radio show) provides his unique insight into geo-politics. Cross-posted from his site: On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note…
The economic impact of stamp duty, a study by Deloitte Access Economics for the Property Council of Australia released yesterday, finds Australia’s GDP would increase by $3.3 billion and real consumption by $9.7 billion if conveyancing stamp duty was replaced…
Media Release: Speculative Vacancies Defy Housing Affordability Pressures – Again 82,724 properties lie vacant and unoccupied across Greater Melbourne, according to Prosper Australia’s 2015 Speculative Vacancies Report released today. Key findings: • 4.8% of Melbourne’s total housing stock vacant in…
“The relevance of Moses’ economics to our own tax-burdened days is startling” proclaimed The Viking Press’ blurb for Francis Neilson’s book “The Eleventh Commandment” on its release in 1933. However, during those early days of the Great Depression, policy makers…
RIP Australia Australia was not overrun and defeated. It became dead at heart, and the rot and canker spread to its extremities. Federally, proportional representation elected only the Senate, because rent-seekers who divided and ruled the nation charged that it…
Blowin’ in the wind Why must we be fined with tax, for workin’ for the nation? Yes, ‘n’ how much time will it take before … we’ll quit our occupation? Why won’t we turn where the tax breaks are, in…
The chorus continues to grow for the inclusion of Land Taxes in the national tax debate. Economics editor for The Age Ross Gittins advocates his support for Land Tax in How to fix everything: Why? Partly because GST is a…