Tag Archives: stampduty

PC calls for partial inclusion of family home in pension means test

Last week, Treasurer Scott Morrison warned young Australians not to expect they can rely on the age pension in the future. This was good advice, because the budgetary pressures facing the Commonwealth Government, emphasised again this week in grim forecasts … Continue reading

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Brisbane ABC radio interview on raising the GST

I had a good chat this morning with Terri Begley on 612 ABC Brisbane regarding proposals to raise more revenue from the GST: What raising the GST actually means I noted that raising the GST and cutting more inefficient taxes … Continue reading

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Townsville ABC radio interview on GST

The GST debate continues, with much attention focused on the regressive nature of the GST. That is, because poorer households typically consume higher fractions of their incomes than richer households, they pay proportionally more of their incomes in GST. Hence … Continue reading

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Stamp duty has to go – time to consider greater reliance on land tax & GST

It is lamentable that our State Governments are so reliant on a source of revenue, stamp duty, that is very costly to the economy and has no defenders outside of State Treasuries who would greatly miss the money if it … Continue reading

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Grattan book City Limits highlights problems with current planning and transport policies

Jane Frances-Kelly and Paul Donegan, formerly and currently of the Grattan Institute respectively, had an excellent book published earlier this month called City Limits, which argues strongly for cutting red tape from town planning processes, introducing congestion charging for roads, … Continue reading

Posted in Housing, Tax, Transport | Tagged , , , , , , , , , , , | 1 Comment

Qld Govt faces big budgetary challenges from unreliable revenues and soaring health costs

In yesterday’s post I noted that the Queensland Government has become increasingly reliant on volatile royalties revenue, and that its major revenue sources of Commonwealth grants and taxation revenue have been growing significantly slower than expenses in recent years. I … Continue reading

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Tax and Federation White Papers sound promising on GST and stamp duty

I was very pleased to read in the Courier-Mail this morning that: Speculation is mounting the Abbott Government’s white papers on tax and federation reform, due by the end of next year, will include broadening the GST, and encouraging the … Continue reading

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Grattan joins fight against stamp duty

Leading Australian think tank the Grattan Institute has joined the fight against stamp duty on property transactions (see Renovating housing policy and Jessica Irvine’s article). Grattan notes (on p.32): Stamp duty and pension asset tests create large disincentives to households … Continue reading

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Productivity Commission study will highlight stamp duty impact on labour market

The Productivity Commission yesterday released the issues paper for its Geographic Labour Mobility study, a study which I expect will highlight the adverse impact of stamp duty on the labour market. Stamp duty on property transactions, which significantly increases the … Continue reading

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Scope to raise more revenue from gambling and cut bad taxes

In making his case for getting Brisbane’s second casino licence, James Packer observed last week (according to the Courier-Mail): “Brisbane and Queensland have been badly let down by Echo – they have under-invested and underperformed. Queensland taxpayers are missing out … Continue reading

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