By Catherine Cashmore Follow Catherine on Twitter Cross-posted from Macrobusiness 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,…
Changing the GST was always intended to be hard and is getting harder by the week. Under the so-called intergovernmental agreement on implementation of the GST, any change in the rate or the base required the unanimous approval of the…
The education of the public via mainstream media continues to grow with Jessica Irvine writing in the Herald Sun today: “State governments do apply some land taxes, particularly on investment properties. But a major recommendation of the Henry review was…
. . . … Madam Speaker, if the Government is to balance the Budget in these difficult times, it cannot afford to indulge in forms of taxation that shrink the economy from which all public revenue is drawn. In some…
photo credit: Karsoe The new Victorian Liberal Government’s move to provide a 20% cut to Stamp Duty will have bankers wringing their hands. The market price for a house will vary little. There will be no saving for First Home…
photo credit: Cayusa Tax reform is hard for government: losers complain loud and long, while those who will benefit are suspicious and silent. We should be angry as hell about the tax system. It scoops up the earnings of the…