tax reform

I need a pay rise. Something deep and structural…

on

For our collective angst over Australia’s economic decline, wage growth is an indicator most dreadful. Look into the eyes of stagnating wages growth and see property markets crash, governments crumble, and hi-viz-vested citizens burning bankers in the streets. What the people need is a pay rise. Labour are putting a ‘living wage’ on their flagpole […]

Read more

How much is a politician’s skin worth?

on

  The IMF has added its voice to the calls for Australia to reform how we tax ourselves to be more productive, fairer and better placed to manage the headwinds ahead. Its annual consultation report with the Australian government says: “Stamp duties should be replaced by broader land taxes, which would strengthen incentives for efficient […]

Read more

Downsizing the sacred cow? Pension Loans Scheme expanded

on

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 […]

Read more

Will Company Tax Cuts Trickle Down or Trickle Up?

on

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 […]

Read more

Prosper’s Northern Territory Revenue Submission

on

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 […]

Read more

Prosper’s 2018-19 Federal Prebudget submission

on

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 […]

Read more

A Land Tax for the Top End?

on

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 […]

Read more

Greens discover the housing, tax and wealth reality

on

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 […]

Read more

Leadership is more than presiding, Gladys

on

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 […]

Read more

Our lives are like a Hieronymus Bosch or Pieter Bruegel painting

on

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) […]

Read more

https://prosper.org.au/tag/tax-reform/