What could $27 billion fund if Commonwealth-state transfers were adjusted to bring revenue and expenses for each level of government closer to balance?
BLOG: ACT
Buying better income taxes with better land taxes
3 million workers could benefit from tax shift Prosper Australia today released new research highlighting the economic benefits of shifting taxes off income and onto land. Report highlights: Low and middle income earners face effective marginal tax rates (EMTRs) on...
Webinar – A capital effort! What the ACT can teach us about land tax reform
After eight years, the ACT’s bold experiment in tax reform is paying dividends. Can other states emulate the ACT's success? What: Zoom panel discussion with Q&A When: 12:30—1:30PM Tuesday Nov 10th Join our expert panel of tax boffins as we explore the options and...
The Second Interval – The Evaluation in Brief
Evaluating the ACT’s 20 Year Land Value Taxation transition after 8 years The ACT’s 20 year transition is paying dividends, but not necessarily of the sort we expected. The motivation for this tax transition was to improve the predictability, efficiency and equity of...
8 Years on, Homebuyers Winning from ACT’s Pioneering Tax Reforms
A new report for Prosper Australia finds the ACT government’s twenty-year tax reform program is achieving more than its three key aims of predictability, efficiency and equity. Read the report . Prosper Australia Research Director, Karl Fitzgerald said: “The...
Boom-bust and the Australian banks
Australia experienced an increasingly gigantic bubble in land prices during the 1880s and the beginning of the 1890s, and the city of Melbourne became bubble-central. Michael Cannon provides an excellent account of the period in The Land Boomers. Henry George's...
The bank cartel has a new enemy
The federal Treasurer Scott Morrison used parliament yesterday to fire an extraordinary broadside at Australia’s banking cartel. Conservative governments rarely indulge in the public thrashing of such major supporters of the status quo. Morrison and the Turnbull...
Reading tea-leaves won’t help – look at the tax bases
Cameron Kushner of CoreLogic has offered an interesting analysis of property tax bases in Taxation Revenue From Property Continues to Climb. Tax bases reveal more about a country’s future prospects than Treasury forecasts and economist sooth-saying. Where and how it...
The young can’t count; the young don’t matter
Last night’s federal budget included a fat gift to downsizing homeowners over 65 who can now put up to $300,000 from their house sale into superannuation, allowing many to keep their (part) pension and, most importantly, unlimited free healthcare. This stunning...
Victoria to tax vacant properties into use
Premier Daniel Andrews announced a range of housing affordability measures Sunday, some of which will help. The eye-opener is the introduction of a Vacant Residential Property Tax at one per cent of the capital improved value on properties held vacant for six months...