The Productivity Commission is out with a major study that recommends ending Stamp Duty on conveyances in favor of a land value tax to avoid trapping people in their homes when better jobs beckon elsewhere. The Geographic Labor Mobility report examines the match...
BLOG: land tax
Land tax must kill negative gearing, Stamp Duty
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.
Property industry supports land tax
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...
Frank Ramsey was verballed
Frank Ramsey formally studied mathematics but diversified into philosophy and economics. Among economists he is famous for proving that if the tax system is to raise a given revenue with minimum deadweight, each commodity should be taxed in inverse proportion to its...
GetUp flunks economics again
We tried to bring GetUp to speed with housing policy with our Dont Buy Now campaign. They ignored that and continue to ignore basic economic science. More money on a fixed planet is destined to raise land prices. A Land Tax acts to equalise the natural advantages...
HIA should advocate inexpensive land
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...
H’infrastructure
The call for infrastructure spending to lift Australia’s productivity and efficiency widens and deepens every day. Around us, economic activity continues to weaken, particularly in construction. The call to spend big will soon be irresistible. The needs list is very...
Carrots for Baby Boomers
16 May 2013 MELBOURNE:- The federal budget initiative to omit conveyancing Stamp Duty for retirees down-sizing to a smaller home acknowledges just how destructive and behavior-distorting this vile tax is, says Prosper Australia. “This is a disgusting, economically...
Will no one fix our busted tax system?
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...
The Victorian branch of the Australian Property Institute Plumbs New Depths
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...