This rested on the left-wingMedia Watch didn’t properly explain the proposed tax change.
Media Watch didn’t properly explain the proposed tax change, which would have taxed non-resident investors in Queensland property more heavily if they owned property in other parts of Australia. It also ignored the prominent views to the contrary from one of Australia’s leading tax economists, Robert Breunig, director of the Tax and Transfer Policy Institute at the Australian National University.posted on Sunday, Professor Breunig described this populist “eat the rich” tax as: “A tax that inclines property investors to take their money out, or not put their money into, Queensland.
A tax the very imposition of which would have seen the tax base it applies to likely decrease to an extent that more than compensates for any extra revenue the new tax might accrue.” The Australian Financial Review's succinct take on the principles at stake in major domestic and global stories - and what policy makers should do about them.
Of course as part of the property owning sector you would say that.
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