What: Discuss + Debate + Drinks + Pizza When: Wednesday, May 29 Time: 6pm Cost: Free “The Earth is the cradle of humanity but mankind cannot stay in the cradle forever” -Konstantin Tsiolkovsky Private companies are actively promoting plans to mine in Outer Space, and...
The Northern Territory Government's Revenue Discussion paper submissions have come to a close. Prosper's Submission focuses on supporting the NT Government in shifting towards a broad based Land Value Tax and further improving existing Royalty arrangements. The...
The debate over tax policy in Australia has reached fairly mediocre levels. The best the Federal Government can muster is a company tax cut, which they intend to by stealth replace with income tax via bracket creep. Meanwhile the natural bounty of land is ever...
Rodrigo Duterte attacked mining companies in his State of the Nation address to the Philippine Congress over their abuse of the country he leads. His concerns are threefold: • Environmental degradation • The export of raw ores without processing • Miners’ failure to...
West Australia should not raise mining royalties because GST revenues are distributed to human need, according to the Minerals Council of Australia. Their logic is as twisted as a snake in a maze: both state boundaries and orebody sites are accidents of geography,...
The Petroleum Resource Rent Tax has been a successful revenue-sharing device since 1987, delivering well over $33 billion to Consolidated Revenue, derived entirely from the economic rents of resource extraction with no harm to producers. It has never deterred...
Matthew Stevens, the AFR’s kindly mouthpiece for big miners, is today promoting a range of very bad ideas that suit his, ahem, audience. The article is paywalled from sheer embarrassment. He lauds the political destruction of WA Nationals’ leader Bernard Grylls for...
Craig Emerson, principal architect of Australia's Petroleum Resource Rent Tax, is out in the AFR today fighting for good taxes and sound economics. For thirty years, the PRRT had been a successful revenue-sharing device, delivering well over $33 billion to...
Treasury is asking why the Petroleum Resource Rents Tax collects only a fraction of the revenues it could. Actually, they know exactly what is wrong, but need public consultation in case someone has a bright idea to fix this broken tax without conflict. There are...
Prosper Australia created the following Review of the Petroleum Resource Rent Tax (PRRT)
Written by Dr Cameron Murray.