capital gain

A ‘capital gain’ is a private tax

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By Dr. Gavin Putland – crossposted from the Land Values Research Group The noisiest campaigners for lower taxes complain only about public taxes while ignoring or defending the unrequited tributes collected by private agents under the guise of market transactions. The noisiest campaigners for lower welfare expenditure complain only about transfers that pass through the […]

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Budgeting for Capital Gains

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Press Release “Treasurer Joe Hockey’s budget is a boon for those in pursuit of capital gains” stated Prosper Australia spokesman, Karl Fitzgerald. “Whilst claiming we all must contribute to the heavy lifting, the budget ignores the easy unearned incomes in real estate and mining.” “Mr Hockey’s “Prosperity isn’t a matter of luck. Prosperity is not a […]

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Empty Dwellings During Housing Crisis?

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Today’s Sydney Morning Herald article on Empty Dwellings in a City Desperate for Places to Live has exposed the raft of vacancies prevalent when land banking trumps housing affordability. It quotes how 122,211 sites were vacant in the 2006 census, reminding us of the findings from the I Want to Live Here report. Negative gearing […]

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Land Tax Lobbyists active as State Budget approaches

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Todays Age article on Land Tax Cuts Wont Bring Savings alerts all those interested in defending the communities right to a share of the free lunch land prices reflect. The next few weeks will see the property lobby step up their claims to pay less and less of the one tax their army of accountants […]

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