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 annual revenues They...
BLOG: Total Resource Rents of Australia
Economic rents must become part of the public discourse
An economics professor planned to live without acknowledging land.
He would have succeeded but found that he needed food, clothing and somewhere to stand.
Total Resource Rents Magazine
The ABS values Australia’s assets
The latest report by the Australian Bureau of Statistics on the world leading System of Environmental Economic Accounting was released yesterday. The ABS have taken a lead role in developing the system at the United Nations level over the last decade. Last year the UN...
Inter-Generational Tax Inequity
Written by Leith van Onselen and cross posted from Macrobusiness. Business Spectator’s Rob Burgess wrote a great article over the weekend arguing how the current structure of Australia’s Budget risks generating a generation of tax slaves, as younger generations are...
The mystery of unearned income
As published today on Truthout The wealth gap is dividing society at an astonishing rate as the lessons from the Great Recession are helicoptered away. QE3 has worked for Wall St but little else. Over 30 nations are facing the shock and awe of property bubbles as the...
Harnessing Monopoly to Finance Government
The Total Resource Rents of Australia report finds the complete removal of income, company and sales tax is possible by replacement with a tax on monopolies such as water trading, cyber squatting, taxi licenses and land. “Economists have for hundreds of years pointed...
Total Resource Rents of Australia
Major Findings The Total Resource Rents of Australia report finds: The influence of monopoly is 10 times greater than mainstream economists acknowledge. Economic rents are a significant component of the Australian economy, comprising 23.6% of GDP. Almost half of all...