Prosper Australia today expressed deep disappointment at the Victorian Government’s continued failure to implement value capture mechanisms in its recent upzoning announcements. By allowing landowners to reap windfall gains without returning a fair share to the community, the government has missed a vital opportunity to fund essential infrastructure and public services.
Prosper Australia has expressed strong concerns over the Allan Labor Government’s recent announcement of 50 new activity centres across Victoria, citing the absence of any form of Land Value Capture (LVC) mechanism as a missed opportunity to ensure fairness and economic sustainability.
3 million workers could benefit from tax shift Prosper Australia today released new research highlighting the economic benefits of shifting taxes off income and onto land. Report highlights: Low and middle income earners face effective marginal tax rates (EMTRs) on...
Victoria’s new Housing Partnership shows a lot of promise. The devil will be in the detail. Prosper Australia unpacks the issues.
Renegade Economists Show 601 As broadcast on the 3CR airwaves. Subscribe to the monthly podcast. Show Notes Our final radio show on 3CR sees Karl going out on a win, discussing the Windfall Gains Tax legislation that passed last week. Along the way you'll hear...
Media release: Windfall Gains Tax Good for Regional Communities. Tomorrow (16 November) the Victorian Parliament will vote on legislation to introduce a Windfall Gains Tax.
Prosper’s latest report scrutinises the rezoning windfalls at Fishermans Bend. Tuesday, 29 June 12:30pm Online event. Register for zoom link Join report authors Emily Sims and Jesse Hermans, with special guest Cameron Murray. Most of us feel that it is intuitively...
Letters to the Editor AFR, Wednesday June 27th Michael Musgrave’s new value capture tax will hit every development in Parramatta [$] (25/6 AFR) made a strong case for his constituents. It’s the Australian way for property developers to make rezoning windfalls in their...
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...
The last few weeks have seen more good news in support of our objectives for economic justice. Monopoly rents have been called into question in a variety of different guises. Yesterday Peter Orszag (Obama's budget czar) was in Australia for a conference and was quoted...