BLOG: henry review of taxation

Australia’s real lifters and leaners

by Philip Soos When the infamous duo of Abbott and Hockey came to power in 2013, they embarked upon a polarising rhetoric of "lifters" versus "leaners" separating Australians into one of two camps. The split was a simple one: those who earn and engage in productive...

Victoria thinks the unthinkable – land tax

The Andrews government is flying a kite today in The Age to gauge public opinion on removing conveyancing Stamp Duty and using State Land Tax instead. This initiative deserves thunderous applause. With many young Victorians now excluded from home ownership and renting...

Abandon bad taxes

Flinty Deloittes economist Chris Richardson and all-heart ACOSS chief Cassandra Goldie are on the same page today in the Australian Financial Review. Literally – page 47. Their tax policy prescriptions, now Malcolm Turnbull has ruled out increasing the GST, are...

Beware of Greeks bearing gifts

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 by an...

Freebairn & Stewart: Let’s talk tax.

Professors John Freebairn and Miranda Stewart have penned an opinion piece today in The Age with a welcome call for state tax reform that could save taxpayers tens of billions every year. Most taxes carry deadweight losses - value destroyed as behaviour is distorted...

Find me a true prophet!

The Barnett government in WA is advertising for someone to forecast what its tax and royalty revenues will be. Earlier official predictions, notably on iron ore royalty revenue, have proven wildly inaccurate. The advertisement specifically calls for macro-economic and...