“THE states and territories are preparing to offer the federal government a deal under which they will slash inefficient stamp duties in exchange for a $13 billion slice of the nation’s income tax.” The Australian, this week.
Can Katy Gallagher’s ACT Labor Government seriously argue that they weren’t already discussing and planning this arrangement [...]
By now anyone who has been paying attention to the key campaign issues for next weeks election will have noticed that the Liberals campaign is very heavily pushing the fiscal argument that under a labor government that ACT rates will triple as a result of the abolition of stamp duty. Its hard to miss Zed’s [...]
So at 9.32 this morning the Ratepayers Association of the ACT issued a media release supporting the Liberals on the vexed issue of rate rises in the place of stamp duty:
Budget papers do not lie, at least the 2011-12 ones don’t. The figures show that rates would have to triple in order to abolish [...]
Yesterday Andrew Barr was celebrating Standard and Poor’s AAA credit rating of the ACT Government.
But the Liberals have found things to like in it too:
In an embarrassing disclosure for ACT Labor today, ratings agency Standard & Poor’s has confirmed that the ACT Labor Government is proposing to phase out duties over a 10 year time [...]
Does anyone know the facts about “rates tripling” as per the Liberal Party ads?
I can’t afford to pay $130 a WEEK for rates on the average wage!
What is Katie Gallagher thinking? And this will affect tenants surely?
UPDATE 21/09/12 12:30: Andrew Barr’s office have sent in this reply:
The Liberals are using an Abbott-style scare [...]
Andrew Barr is busily trying to draw our attention to his stamp duty cuts for all but the very wealthy.
More than 97 per cent of properties sold in the ACT are set to be subject to a lower rate of stamp duty under the ACT Labor Government’s taxation reforms, new figures show.
Figures issued to the [...]
Michael Pascoe is one of the best economics and business commentators this country has ever produced.
So it’s really something when he comes out in the Sydney Morning Herald singing hosannas to the greater glory of ACT Treasurer Andrew Barr and the tax reforms started in the recent ACT Budget.
it’s been easy to miss that there [...]
The ACT Taxation Review is now online as is the Government response.
Recommendations agreed or agreed in Principle are:
– Recommendation 1
Adopt taxation instruments and settings that deliver stable revenue growth proportionate with economic growth.
– Recommendation 2
With regards to long term structural reform, over a period of time that is adequate for appropriate transition:
a) abolish duty on [...]
Hello fellow rioters.
This query is for those investors/landlords who lease out their properties through a property management agency. What are the common rates and charges going around at the moment.
Is it worth going through a property management agent or is it better renting out by yourself? Any advice/suggestions is much appreciated.
Zed Seselja is shedding a tear for a property owner who didn’t keep the Revenue Office up to date with their movements:
One Canberra resident was hit with a $4,000 bill because the ACT Revenue Office did not follow up on its own undelivered mail notices, and there may be hundreds more facing similar shocks, ACT [...]
Yesterdays Canberra Times carried articles critical of ACTEW – and questioned the buying of water from Tantangara Dam.
This article highlights how cheap water is in the Riverina and central NSW downstream from the ACT.
In light of the recent revenue surplus for the ACT government, am I the only rate payer that is wondering what I am actually getting for my rate dollars, and how it compares with other areas around Australia?
My only comparison is relatives who own properties with land values around 8 times higher than mine [...]