By Leith van Onselen The AFR’s Alan Mitchell has written a solid piece prognosticating about the best tax reform options to reform Australia’s federation. Predictably, Mitchell mentions raising/broadening the GST in exchange for lower income taxes, which according to the…
Republished with kind permission from www.macrobusiness.com.au By Leith van Onselen The Victorian Government has released its 2013-14 Annual Financial Report, which revealed a $2 billion surplus in 2013-14 – the largest Budget surplus recorded for the state in 15 years.…
The opening line to the Tax Justice Network’s new report “Who Pays for Our Commonwealth?” states: if…. the largest Australian listed companies paid taxes at the statutory corporate tax rate of 30%, it would produce an additional $8.4 billion in…
An Australian political party has boldly stepped forward with a proposal to reform taxes to make housing affordable and end the destruction of tens of billions of dollars of taxpayers money in deadweight losses each and every year: that party is the Australian Labor Party.
Prosper Australia shocked the Senate Economics Committee inquiry into Housing affordability with the view we have no supply constraints – because rents haven’t budged. They have been hearing from every vested interest that Supply! Supply!! Supply! is the key…
The transcript from John Freebairn’s presentation at the 123rd annual Henry George Commemorative dinner. John Freebairn: Thank you Andy and Karl, ladies and gentlemen. So what I want to do today, tonight I guess, is make the argument why…
An economics professor planned to live without acknowledging land.
He would have succeeded but found that he needed food, clothing and somewhere to stand.
If taxpayers are to endure the upset of tax reform, then the change should be to best practice – the tax bases economists have identified as causing the least harm.
One of the biggest impediments to labour mobility are stamp duties levied on housing transactions. Stamp duties can add tens-of-thousands of dollars to the cost of changing home, leading to fewer transactions and discouraging labour mobility.
In Sydney where the ABS says established houses are a median $670,000, at least $64,000 of that is due to ‘gearer competition displacing homebuyers via price. Given Sydney is ground zero of ‘gearer displacement, this is likely a gross underestimate of the price consequences.