land tax

Launch reform

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The move towards Land Tax reform continues with two supportive papers out in the last few days. Launch Housing has a proposal to fund domestic violence programs out of a vacant housing tax. This was inspired by recommendations from the Royal Commission into Domestic Violence. They build a case for this urgent need by referencing: […]

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If We’re Going to Pay Tax

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“If we’re going to have to pay tax we should pay tax in the most efficient, the most reasonable and most equitable way.” So said Fairfax journalist Michael Pascoe on this week’s Renegade Economists radio show. Transcript Karl Fitzgerald: This week listeners we’re with Michael Pascoe, one of Australia’s most respected economic commentators, you see […]

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Metricon wins land-tax case – everyone loses

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The national pastime of withholding land from use and enforcing scarcity has been boosted in the NSW Supreme Court when developer Metricon won a land tax case against the Chief Commissioner of State Revenue. Metricon successfully argued grazing a few cows to keep the grass down on land it had bought for residential development made […]

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Odd Bedfellows

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Something is up when the NSW Business Chamber allies with the NSW Council of Social Services and the Australian Manufacturing Workers Union. Stern champions of enterprise have jumped into bed with hand-wringing defenders of the down-trodden and cloth-cap unionists– and taken their relationship public. Is this post-modernism gone mad? A complete breakdown of morality? Not […]

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PM sets up the states for a 1% federal land tax

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Prime Minister Malcolm Turnbull has positioned the Commonwealth Government to introduce a 1% federal land tax and reform our bust political system that denies voters the right to hold government accountable. Overnight, the states rejected the Prime Minister’s call to abolish Stamp Duty and to fund this by removing the exemptions and wheezes that hamstring […]

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PM to lift the stone from your chest

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Malcolm Turnbull today offered a gift of $1000 to every man, woman and child in Australia. The money will come every year forever – if the states and territories end Stamp Duty and fund this by removing the exemptions and wheezes from State Land Tax. No, we don’t get a cheque. The money comes from […]

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Malervescence: a government determined on tax deform

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Prime Minister Malcolm Turnbull has produced so many thought bubbles on tax reform he makes fresh beer look flat. His latest effervescence is for the states to levy their own income tax on top of the Commonwealth take. He needs to be warned: Be careful what you wish for. Should Australia proceed down this path, […]

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Victoria thinks the unthinkable – land tax

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The Andrews government is flying a kite today in The Age to gauge public opinion on removing conveyancing Stamp Duty and using State Land Tax instead. This initiative deserves thunderous applause. With many young Victorians now excluded from home ownership and renting instead of building asset wealth in their own homes, the government can see […]

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Perverse incentives from dud taxes dog public infrastructure investment

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Melbourne Domain Sunday went into shock and horror over the impact a proposed elevated rail would have on the selling prices of adjoining Carnegie properties. Area agents say the value of houses backing onto the rail line from Carnegie to Hughesdale could be slashed by up to $200,000, and “the impact on homes with a […]

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Abandon bad taxes

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Flinty Deloittes economist Chris Richardson and all-heart ACOSS chief Cassandra Goldie are on the same page today in the Australian Financial Review. Literally – page 47. Their tax policy prescriptions, now Malcolm Turnbull has ruled out increasing the GST, are identical. Both pieces are paywalled to limit readership and discussion to AFR subscribers. We won’t […]

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