The Real Estate Institute of New South Wales calls for conveyancing Stamp Duty discounts for first home buyers and “property consumers over 65 years of age” in its submission to the NSW government‘s June 2016 budget. They say: “The ultimate…
When: Thursday 26 May at 6:30pm Where: Level 1, 64 Harcourt St North Melbourne Presenter: Dr. Terry Dwyer Tax reform is hard yet the benefits are great. Australia can no longer afford to delay structural reforms. The Panama papers controversy…
World-class fertiliser producer Incitec Pivot Ltd has painfully written $105m off its Gibson Island plant in Brisbane – squeezed by high gas costs, low Urea prices and bad taxes – just as it enters a major ‘shut’ to refurbish this…
President Catherine Cashmore has been busy with the 4 Corners team filming a number of scenes around Melbourne. Tonight we find out which scenes make national TV in a much overdue investigation into the pressure housing affordability places on society.…
Those with a Self Managed Superannuation Fund who hold englobo land in Victoria will need a fresh accessory after the state budget: a goat to eat weeds. Treasurer Tim Pallas has kindly extended the englobo wheeze that deems unimproved land…
Victorian Treasurer Tim Pallas will deliver the state’s 2016 Budget in a few minutes. Surpluses totalling $9.2 million over the next four years are pre-announced, as is the foreign property buyers’ Stamp Duty surcharge of 7 per cent and the…
The Andrews government will double the foreign property buyers’ Stamp Duty surcharge and triple the State Land Tax surcharge in the forthcoming Victorian budget – evidence they well understand the damage rent-seeking creates and how to change behavior. Our very…
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…
“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…
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…