tax reform

Downsizing the sacred cow? Pension Loans Scheme expanded

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Jenny is in her early 60’s and partially retired from a career as a nurse. She’s managed to hang on to acreage in regional NSW despite long periods at home with four kids. As she approaches retirement, she wonders how she can keep the property. Her meagre super balance along with the pension will not […]

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Will Company Tax Cuts Trickle Down or Trickle Up?

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By Catherine Cashmore The proposal to cut the company tax rate from 30% to 25% has received much media attention. We are repeatedly told it is needed to boost investment.  The rational follows that companies are more likely to invest in productivity if they don’t have to pay as much tax on their gross income.  It […]

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Prosper’s Northern Territory Revenue Submission

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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 submission is briefly summarised below. Facilitate the shift from Stamp Duty to Land Tax Stamp duties The NT […]

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Prosper’s 2018-19 Federal Prebudget submission

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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 increasing in price via debt leveraging and population growth, worsening […]

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A Land Tax for the Top End?

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Amid recent GST distribution cuts of $400m p.a. (about 12% of revenue) and a flagging property market, the Northern Territory Government is facing severe fiscal challenges. The NT is the most stamp duty reliant government in the federation, and has been hard hit an inevitable correction in its housing market. Annual dwelling (predominantly land) prices […]

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Greens discover the housing, tax and wealth reality

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The Greens have a new housing policy out. They begin with the high principle that all should have access to land then veer off with emotion at the tax rorts available to the wealthy. Everyone Needs A Home calls for an end to negative gearing, the Capital Gains Tax discount and proposes exchanging state-based Stamp […]

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Leadership is more than presiding, Gladys

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Economist Peter Abelson has dropped a bomb on Sydney’s madly expensive land market, asserting the usual demand and supply equations have little influence on prices while major positive benefits are available from ending Stamp Duty and using land tax. His views only came to light after journalist Adam Creighton used FOI to prise his report […]

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Our lives are like a Hieronymus Bosch or Pieter Bruegel painting

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by Dr Gavin Putland WORKERS (i) pay rent, (ii) help their employers to pay rent, and (iii) raise some of the next generation of rent-payers. LAND SPECULATORS (i) receive economic rent for the gifts of nature, (ii) take the credit for providing them, and (iii) lobby governments for an ever-increasing supply of rent-payers. BANKS (i) […]

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The fragrant vagrant is not a rose by another name

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Melbourne City Council is wringing its hands again over developer land vagrancy – prime sites deliberately held vacant or with disused, dangerous buildings to assist developer lobbying of government for rezoning or advantageous building permits. The issue last hit the news when a wall collapsed at the old CUB site in Swanston Street in 2013 […]

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The Metricon Judgement

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In March last year, the NSW Supreme Court set aside the NSW Office of State Revenue’s assessment for land tax in 2009-13 on certain lands at Terranora in the Tweed Valley held by Metricon. The developer bought the $60m aggregation to subdivide for residential use. It side-stepped a land tax liability of around $1.2m per […]

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