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No Reform – Paradise Postponed

photo credit: Steve – wants a job at Chester ZooMELBOURNE and CANBERRA:- Australians had high hopes the Tax Forum would herald the end of taxes that distort and diminish economic activity as Ken Henry recommended. Sadly, these hopes have been dashed, says...

Un-Taxed Privilege

photo credit: rubenerd29 September 2011 MELBOURNE:- Vested interests are determined to stifle reform of the government revenue base at the Tax Forum next week, says Prosper Australia. “The government has lined up industry representatives and lobby peaks – all to plead...

Miners Gouge Australia Twice

photo credit: yewenyi“The mismanagement of both the federal tax powers and Australia’s natural assets by the Gillard government is sickening,” Prosper Australia Campaign Manager David Collyer said today. “They are allowing the miners to gouge our country twice.”...

Australia’s fatal flaw: Negative Gearing

“You only find out who is swimming naked when the tide goes out.” – Warren Buffett, Chairman’s letter 2001. Negatively geared property investors are exposing themselves, the banks and every Australian citizen to capital destruction, a highly infectious...

She’ll be right, mate

photo credit: pierre pouliquin Staggering sums of money generated by the commodity boom are providing cash bonuses for mining executives and riches to mine owners beyond their wildest dreams. The problem is, that money belongs to you and me.  It is our country being...

Delighted. And red-faced with anger

photo credit: CarSpotter Australia is delighted to hear our two world-leading miners, BHP Billiton and Rio Tinto, announce record profits and giant capital investment programs. Our pleasure ends right there. Both these titans are majority owned by foreign interests...

Grand Sale! Grand Sale! Grand Sale!

The Australian Government is about to sell real estate worth billions.  It is a matter of critical economic importance that they get it right. Up for sale is radio spectrum for mobile phones and data signals for the next fifteen years. This is real estate as rare and...

Can a tax be beautiful?

photo credit: Fabrice ROSE The Senate Select Committee on New Taxes is pondering the implications of the Mineral Resource Rent Tax, holding a hearing yesterday in Perth. Here is a new tax measure that, even diluted for the election, will still raise over $10 billion a...