The Australian Institute for Progress has renewed calls for GST revenue to be distributed to the states on a per capita basis as galloping mining revenues in WA and Queensland expose the structural weaknesses in the current system.
Did you know that some of the most successful countries in the world are federations?
It’s time for the prime minister to step up and rule out tinkering with the housing market and get on with the job of creating more supply. In particular he must rule out any changes to negative gearing.
The Olympic business model means that host cities invariably lose out. Brisbane will need a heroic effort to avoid that fate.
Other state governments should not copy this misguided tax, which will stymie development and push up house prices.
The private part of the partnership buys the rights to the system for 24 years for $1.5 Bn, and then allows Queensland Rail to use it for a payment over the same period of $2.4 Bn, plus another $2.4 Bn for maintenance.
The Australian Institute for Progress has unleashed a billboard campaign calling on the ALP to unveil its plan for economic recovery.
In the last federal election Labor lost in large part because of their proposed taxes on negative gearing and dividends. This proposal is even more unjust.
Modelling by the Australian Institute for Progress shows that homeowning Australians have a financial buffer in the equity in their house that they can safely use to tide over the short-term interruption caused by COVID-19.
It is now 5.83% cheaper for the average Australian to repay an average housing loan than it was in 1994, but it takes the average Australian 65% longer to save the deposit.