Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Around a third chose winding back super tax concessions and increased resource taxes.
The wealthiest Australians are taxed differently from the rest of us, because they earn much of their money in a different way.
Australian landlords pay $1 billion less tax per year than the Tax Office believes they should, with almost all of the ‘errors’ in their favour.
The Australian government’s spending on its biggest tax concessions has jumped 24% in the past year.
A house in Ottawa that sold over the listing price.
THE CANADIAN PRESS/Justin Tang
More housing supply doesn’t mean lower prices. If policy-makers want to make homes more affordable, they must tackle developers who drive up prices and consider taxing capital gains on homes.
The NSW Coalition government has backed a Labor proposal rubbished by the federal Coalition at the last two elections.
President Biden said he wants to raise capital gains taxes to help pay for his ambitious proposals.
AP Photo/Andrew Harnik
President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.
We’ve plenty of homes. Rents have barely moved for half a decade
Without making housing supply the priority, the government’s tax-based policies create more objectives than they can reasonably achieve.
New Zealand Prime Minister Jacinda Ardern promising to accelerate Labour’s COVID-19 recovery plan after winning re-election in a landslide.
Phil Walter/Getty Images
In politics, what lifts you up can drag you down. To avoid that, Jacinda Ardern’s Labour government will have to examine its political soul.
Finance Minister and Labour finance spokesperson Grant Robertson: higher tax revenue will be spent on economic recovery.
Both major parties refuse to grasp the nettle of New Zealand’s narrow and inherently unfair tax base.
Julian Elliott/Shutterstock/Sydney University
In some quarters, the median Sydney home earns more from capital gains than the median worker earns from wages. Now’s a good time to wind back the measures that push prices up.
July 19, 2020
Robert Breunig, Crawford School of Public Policy, Australian National University; Kristen Sobeck, Crawford School of Public Policy, Australian National University, and Peter Varela, Crawford School of Public Policy, Australian National University
It would be a mistake to think that just because higher earners face higher tax rates, that’s what they pay. When it comes to income from savings it’s the other way around.
Claiming for working for home is fraught. It’s safest to claim the running expenses the tax office allows. ‘Occupancy expenses’ are harder to justify and could cost you your capital gains tax discount.
Westpac and the ANZ have suspended dividends payments. The National Australia Bank has slashed them. The peculiarities of our tax system explain why retirees hate this more than they should.
Warren and Sanders are the candidates with arguably the most aggressive plans to tax the rich.
AP Photo/Meg Kinnard
Every Democratic presidential candidate plans to raise taxes on wealthier Americans and corporations, but they differ in how to get there.
Real estate agents don’t decide rents, landlords do.
The real estate industry acts in its own interests, not those of the tenants it scares.
A drop in prices of 0.5% is no drop at all.
Houses will be worth more or less what they would have been, if Labor’s policies are adopted, NSW Treasury analysis says.
Game of Thrones is a world of deceit, betrayal, treason and uncertain truths.
When vested interests are attacked they create myths and battle plans. It’s the surest sign you are on the right track.
Works of art would be excluded from New Zealand’s proposed capital gains tax.
Establishing artists could benefit if New Zealand introduces a proposed capital gains tax that excludes any profit made on the sale of collectables and artworks.