Henry review

Land tax must kill negative gearing, Stamp Duty

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There’s been a lot of debate around property taxation in Australia – significantly negative gearing, which allows an investor to use the short fall between interest repayments and other relevant expenditure, to lower their income tax.

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Property industry supports land tax

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22 October 2013 MELBOURNE:- Overnight, Australia’s property industry has endorsed removing Stamp Duty on property transactions, the AFR reports – a major tax policy shift welcomed by Prosper Australia. “Scrap Stamp Duty and fund this by also removing the principal place of residence exemption from State Land Tax,” Prosper Australia Policy Director David Collyer said […]

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HIA should advocate inexpensive land

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MELBOURNE:- Very poor residential land sales have prompted fresh pleading for the construction industry by the Housing Industry Association today in ‘Land Sales Signal Slow Home Building Recovery’ as new home buyers remain unwilling to commit at current high land prices. “My reading of the measures has overall land sales volumes continuing to weaken and […]

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Will no one fix our busted tax system?

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15 May 2013 MELBOURNE:- Yesterday’s federal budget highlights again Australia’s unbalanced reliance on wage and salary taxation for government revenues, says Prosper Australia. “Taxation discourages. That is why we tax gambling, alcohol and tobacco. Unfortunately, it has the same effect on work. We tax it so heavily it must also be a very bad economic […]

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The Victorian branch of the Australian Property Institute Plumbs New Depths

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by Bryan Kavanagh AAPI Today’s Victorian API news demonstrates the Australian Property Institute is at risk of losing its way: “Property taxes shoulder Vic budget The Victorian government is becoming addicted to property taxes, which will raise over $6 billion in forward estimates for the 2013-14 Victorian State Budget.” [My emphasis] The phrase “becoming addicted to property […]

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Englobo II: The Money Sleeps

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  A fact-free defence of urban planners in The Conversation yesterday has left me fuming about how this group is immersed in process and blind to The Game being played around them. The Game boosts land prices, creates serviced land shortages and impoverishes all who need shelter. Planners are proud to quickly turn around conforming applications.  […]

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Want a new GST? Sink the old one!

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Changing the GST was always intended to be hard and is getting harder by the week. Under the so-called intergovernmental agreement on implementation of the GST, any change in the rate or the base required the unanimous approval of the Federal, State and Territory governments. Although that “agreement” can be unilaterally abrogated by Canberra, neither […]

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Higher GST a low wattage idea

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Independent MP Rob Oakshott stepped into the media spotlight yesterday saying both the Coalition and Labor want to raise the GST rate – after the election. Sadly, he is correct. ”It shouldn’t just be about the GST. This is about why on earth in Australia we have insurance taxes at all. Why do we still […]

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Steer Around the GFC

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15 November 2012 The mining investment boom that carried Australia though the Global Financial Crisis is declining rapidly and new engines of growth are urgently needed to steer around the ‘Controlled Depression’ that is driving the world into a spiral of misery – country by country. “Tax reform is something we can do by ourselves, […]

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Housing Bubble – Don’t Buy Now!

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David Collyer’s edited presentation from our Northcote Town Hall event earlier this year. With a jump in job losses last quarter, stock levels at near record levels, land supply in abundance and over 90,000 vacant properties here in Melbourne, one wonders how long Negative Gearing investors can hold these properties empty in lieu of capital […]

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