Victorian Treasury

Prosper’s Victorian Budget submission

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Prosper Australia welcomes the opportunity to contribute to the 2018- 2019 Victorian budget. This submission focuses on the role of State Land Tax (SLT) in the design of an effective policy response to the housing affordability crisis. Prosper welcomes the Victorian Government’s emphasis on housing affordability. Efforts to dampen speculative demand, such as the Vacant […]

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Foreign investment curbs benefit Australian investors

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Over the weekend the Andrews Government announced a tax on foreign investment in Victorian real estate. This includes a 3% Stamp Duty surcharge and a 0.5% Land Tax premium for absentee owners. On top of the $5,000 foreign investment fee announced by the Federal government, this will add some much needed balance between those looking […]

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Freebairn: engaging States in tax reform

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Press Release Last night Professor John Freebairn gave a passionate speech at the 123rd Annual Henry George Commemorative Dinner, on the difficulty of meaningful tax reform. “The problem is we don’t have a Paul Keating or a Peter Costello who is willing to spend a year or two to explain why the current system is […]

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Higher GST ignores housing, inequity

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Press Release The Abbott government must rebuild State relationships by assisting in the educative process of tax reform. “The outsourcing of deficit pressures by Treasurer Joe Hockey has accelerated the need for state revenue reforms” stated Prosper Australia spokesman Karl Fitzgerald. “State governments should not fall into line with the push for a higher GST. […]

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Tax reform is hard and dreary work.

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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 poor but merely nips at what the wealthy make. That’s why the Victorian Treasury […]

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