photo credit: 10b travelling Clear-eyed media commentary in the national interest is rare and sweet. Alan Mitchell’s analysis of the Henry Tax Review in the Australian Financial Review – A tax on all your economic rents – is such a creature.…
Letter to the Editor – Aust Financial Review Dr Terry Dwyer (Read Dr Dwyer’s Henry Review Submission) The Henry Tax Review has rightly acknowledged the fundamental economic principle that a tax on land (including resource) rents is the ultimate non-distorting…
photo credit: raminders We follow the glitter of celebrities and our football teams and let others do the dull work of government. Our dreams are about homes, cars and holidays. But sometimes an issue is so important it deserves…
photo credit: Troy McClure SF Gavin R. Putland Published in today’s Crikey In contrast to the Henry report’s advice that payroll tax be eventually abolished (recommendations 55 and 57), the Rudd government has decided to increase its own payroll tax.…
Ken Henry and his team’s hard work looks to have paid off. Initial readings show the undeniable truth that land based taxes are the most efficient taxes. Look at the attached graph (via KPMG, not Henry) showing that The Resource…
photo credit: anarchosyn The Henry Tax Review’s highlighting of Land Tax as a policy direction is a welcome and encouraging development, says Prosper Australia. “This is THE tool to liberate the people of Australia from their current financial difficulties,” Prosper…
photo credit: Erica_Marshall Stephen Long at the ABC has written two articles in 2 days on genuine tax reform, commenting on the rumour that the Henry Review will promote a broad based Land tax, including the family home. Let’s hope…
photo credit: Cayusa Tax reform is hard for government: losers complain loud and long, while those who will benefit are suspicious and silent. We should be angry as hell about the tax system. It scoops up the earnings of the…
photo credit: marfis75 That’s essentially the message from the February Housing Finance figures. With the property market bubbling at extortionate levels, housing investors have decided to go to sleep at just the time they are most needed. In seasonal terms,…
The Australian Tax Office has released figures on the extent of negative gearing in Australia ahead of the Henry Tax Review. This is no accident. They are preparing the ground for Ken Henry’s changes. The picture drawn is not…