Getting the Stamp Duty transition right
Replacing stamp duty with land tax has the potential, if enacted sensibly, to support budget recovery without impeding economic growth. The NSW and Victorian Treasurers are to be commended for taking...
View ArticleTell him he’s dreaming: Perrottet’s stamp duty reform fails cost-benefit
First published on MacroBusiness, read our summary and report. The Thodey Review’s draft report is right to place land tax at the centre of its vision for state tax reform. Replacing stamp duty with...
View ArticleHousing vacancies continue to increase as land price booms
Vacant Residential Land Tax is ineffective in curtailing property vacancies in Melbourne. Policy must prioritise housing as a human right, not a profit generating tool. Budget housing policy will...
View Article2020 Land tax reform highlights
The year of 2020 was a shocking year for many reasons, from the bushfires to a global pandemic. But there were some positives too, especially for land tax reform. Here are some of the developments that...
View ArticleStates drive sustainable tax reform
Until recently, no government had a “cogent plan” to deal with impending combustion of Commonwealth fuel excise revenue. But now Victorian Treasurer Tim Pallas has risen to the challenge both to future...
View ArticleRezoning Windfall Gains Tax – FAQs
Homebuyers might be wary of taxing rezoning windfalls, because they worry it will increase the sticker price of housing. The property industry says that taxing rezoning windfalls will increase the cost...
View ArticleHas NSW discovered the holy grail of transport funding?
In its latest budget, the NSW Government has laid the foundation for a global best-practice model for major transport funding. Zoom Webinar: Wednesday, July 28th 12:30pm While Victorian’s woke up on...
View ArticleA petro state without the petro dollars
On Friday 20 August, Jesse Hermans & I appeared at Senator Patrick’s Oil & Gas Inquiry. The focus of the inquiry was to evaluate what Australia could do to maximise returns from publicly owned...
View ArticleNSW and the holy grail of transport funding
In July 2021, Prosper was privileged to host a zoom webinar by Joe Langley, a global expert on value capture mechanisms for transport. Joe’s talk was based on an article he wrote on the ongoing...
View ArticleAdded and “unadded” value in the Australian economy
Australia’s economy is dominated by sectors which derive significant revenue from “economic rents” - or unearned income.
View ArticleQueensland Land Tax reversal a win for property industry spin
Director of Research Danny Spring, Policy Coordinator Jesse Hermans The Queensland government has backed down on nation-leading land tax reform after backlash from other states and an opposing media...
View ArticleThe ‘not enough’ budget clears the way for a bigger tax conversation
Times are turbulent and changing: pandemics, wars, energy crises, climate disasters, inflation, a new government. In this very challenging context, the Albanese government has handed down its first...
View ArticleHenry George & The Science of Political Economy
Friday May 5th, 2023 6:30pm School of Political Economy, Level 1, 49 Smith Street. Free event. All welcome. Register at Eventbrite Henry George (1839-1897) rose to fame as a social reformer and...
View ArticleSubmission to the Victorian Legislative Council Inquiry into Land Transfer...
Prosper’s submission to the Victorian Legislative Council Inquiry into Land Transfer Duty Fees reflects our evolving thinking around the core motivations for the reform. 14 April 2023 Prosper...
View ArticleNSW quits, Victoria hits
It’s been a big week for property tax. On Sunday we learned the new NSW government was extending stamp duty concessions for first home buyers and will introduce legislation this week to scrap the...
View ArticleAustralia: Made for Free Trade and a Tax on Rent
132nd Henry George Address by Professor Ross Garnaut Australia: Made for Free Trade and a Tax on Rent (Transcript of speech recorded at the Kelvin Club, Melbourne, 7 September 2023. Lightly edited for...
View ArticleChanges to Stage 3 Not Enough: We Need a Tax Shift
Tweaking individual policies will not deliver the change Australia needs: we must capture the consensus and commit to reforming our tax system away from earned and onto unearned income.
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