Henry review

The land tax strumpets

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Two organisations share the acronym PCA: the Property Council of Australia and the Prostitutes Collective of Australia*. One makes a useful civic contribution, the other is a bunch of filthy whores who will do anything for money and deserve universal condemnation for their moral turpitude. This morning, the harlot group is out in the AFR […]

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Carnegie’s endowment

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Prominent Australian investor Mark Carnegie has called for tax reform to end the policy and financial straight jacket we find ourselves in – pointing to land tax, a resources tax and a lift in the GST to 15 per cent. He labelled the Abbott Government’s upcoming White Paper on tax a waste of time, arguing […]

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Tax reform derailed

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Prosper has serious concerns about the equity and economic efficiency of the reform proposals reported in the media as coming from cabinet ministers – notably broadening the GST , which is a regressive tax.  Our submission spells out why.

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Ditch the saddlebags of deadweight losses – for the win

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Yesterday, Cameron Kusher of CoreLogic RP Data called for the removal of conveyancing Stamp Duty and its replacement with a universal land tax.  His comments come just ahead of the release of the federal government tax reform white paper. He echoes Australia’s Future Tax System (The Henry Review) which called for: The abolition of stamp […]

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Australia’s twin economic diseases

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Australia has two infections that compromise our economic health. Their remarkably similar symptoms – fever, delirium, impaired judgement – muddy diagnosis and hamper effective treatment. Most are familiar with ‘Dutch disease’, where a resource bounty – in Holland’s case off-shore oil and gas production – lifts a country’s exchange rate, makes other activity like manufacturing […]

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Dump Stamp Duties to help labour mobility

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One of the biggest impediments to labour mobility are stamp duties levied on housing transactions. Stamp duties can add tens-of-thousands of dollars to the cost of changing home, leading to fewer transactions and discouraging labour mobility.

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WA shows tax reform leadership. Well, I hope so.

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WA Treasurer Mike Nathan has heard the call from REIWA President David Airey to end Stamp Duty and fund this by removing exemptions from State Land Tax

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REIWA: Abolish Stamp Duty for State Land Tax

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Yesterday REIWA president David Airey issued a call in the West Australian newspaper for the WA government to abandon Stamp Duty and fund this by removing the many wheezes from the tattered State Land Tax.  Hooray! Airey says: “It’s time to recognise that stamp duty on property as a means to raise revenue is clumsy, […]

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Can the Senate address housing affordability

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By Catherine Cashmore Reposted from Macrobusiness In the final hours of Federal Parliament for 2013, Labor Senator Jan McLucas succeeded in establishing an inquiry by the Economics References Committee, in addressing Australia’s growing housing affordability crisis, stating; “…pressures on affordability of housing in Australia have continued to intensify, especially in capital cities and mining communities.” […]

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Kohler condemns expensive land

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Alan Kohler is out this morning on Business Spectator with a big swipe at Conservative state governments.  Yes, that is conservative with a capital ‘C’. He sees at last the destruction the cost of land is wreaking from Port Hedland to Hobart. The high price of land in Australia is one of the reasons businesses […]

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