Cross-posted from The New Daily: It’s not surprising that a Senate report on housing affordability chaired by a former property developer gives a free pass to the property industry. Liberal MP and committee chair Jason Falinski’s view that developers should be given...
'Taxes' on Land are Rents: Therefore they Can't be Passed On Rates and land ‘tax’ are notionally already in the gross rent paid by a tenant, and cannot be ‘passed on’. If, as claimed by vested interests, the land value tax can be passed on, why do not these...
Homebuyers might be wary of taxing rezoning windfalls, because they worry it will increase the sticker price of housing. The property industry says that taxing rezoning windfalls will increase the cost of housing because the tax will be passed on. They also say that...
Cross posted from The Australian, former EJ Craigie winner Adam Creighton writes up our recent Designing the Transition: Stamp Duty to Land Tax report. Stamp duty is much better than land tax if you stand to inherit a mansion They reckon it is political suicide:...
The Property Council of Australia’s shameless threat to both sides of politics to look the other way on negative gearing reform is a slap in the face to the democratic process. Is this the stick accompanying the $2.4m in carrots donated to both sides of politics? For...
Cross-posted from The Saker The Saker: We hear that the Ukraine will have to declare a default, but that it will probably be a "technical" default as opposed to an official one. Some say that the decision of the Rada to allow Iatseniuk to chose whom to pay is already...
A frenchman with no commentary on the Physiocrats? Mason Gaffney, author of the groundbreaking The Corruption of Economics and the recent Gaffney Reader, analyses Tomas Piketty's bestseller 'Capital'. Capital in Any Century: A Response to Thomas Piketty by Mason...
“A citizen can hardly distinguish between a tax and a fine,” wrote G.K. Chesterton, “except that the fine is generally much lighter.” In Victoria, for example, the stamp duty payable on the purchase of a $600,000 house-land package (below the median price for...
With the recent Piketty inspired discussions of inheritance tax, this is a timely piece by Carrie Stoddart-Smith. She curates the neat Ellipsister blog in Christchurch, NZ. Follow her on twitter. I was reading Martyn Bradbury’s post Generation X have been betrayed by...
The new Liberal Federal government has boldly declared themselves the 'infrastructure government'. This infers they have a method to finance the backlog of infrastructure demanded. Tapping superannuation as the source of cheap finance has been the proposed path...