The South Australian government is undertaking a tax review to boost state competitiveness and economic efficiency. Their main focus is considering abolishing conveyencing Stamp Duty and funding this by removing exemptions from the existing State Land Tax. Prosper...
BLOG: land tax
Andrew’s Rate Capping Folly
Cr Stephen Mayne invited a Prosper presentation at the Future Melbourne meeting last night. This followed on from the February MCC meeting I presented to in reaction to the short sighted Victorian Government decision to cap local council rating. Cr Mayne had asked...
COAG needs state sovereignty, not handout politics
Press Release: Debate over GST split ignores bigger issue “The States should not be threatening to re-impose regressive taxes of the past, but be working with the Federal government to overcome the mis-information prevalent in a property obsessed economy,” stated...
In favour of Land Tax
Letters to the Editor Bryan Kavanagh Glen Waverley 13.04.2015 The expected backlash to "A tax on land would be fair, efficient and unpopular" (Comment, 8/4) has arrived (Letters, 9 and 10/4). The wealthy will cry crocodile tears for asset-rich, income-poor people....
Deciphering Change
With Land Value Tax recently in the press here, here, here, here, here and here, we hope these four interviews with leading international Georgists help build the public knowledgebase. Share them as you may. Listeners from as far afield as Ecuador to Hobart are...
Economic rents subsidise taxes on capital
Following the recent Treasury submission to the Federal government's Tax White Paper, which highlighted the positive marginal excess burden of Land Tax, is a more detailed analytical paper from Treasury using extensive modelling to report on the incidence and...
A misguided attack on Land Value Taxes
by Noah Smith The idea of a Land Value Tax (LVT) is to tax the value of land independently of the value of improvements on that land (e.g. buildings, farms, or mines). Separating the value of a plot of land from the value of the structure built on top of it is a very...
Treasury unearths a beautiful tax
Treasury today released its submission to the federal Tax White Paper. It has found a tax that actually confers a benefit on Australian citizens. That is, using it actually leaves us better off. It isn't a new tax. It is land tax. Unbiased economists have always known...
Carnegie’s endowment
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...
Unstable land needs firm foundations
Prosper usually looks at macro economics yet a micro example of what can go wrong in the property market - very, very wrong – might aid your concentration. Andrew, a Sydney ‘investor’ bought properties in Mackay and Blackwater Queensland, “when rents were crazy and...