One way to come to the same conclusion concerning the need for revenues to come from an all-in, single-rate charge on land and natural resource values is to examine where all the tax concessions (read privileges) currently lie.
This was the enlightening topic on Geraldine Doogue’s “Saturday Extra” this morning with professor of law at Melbourne University Miranda Stewart and journalist Brian Toohey.
Missed the program, but agree with the point. Even more so than the concessions themselves, it is the ‘wrinkles’ in the concessions – the points of discrete change – which allow the worldly-wise to earn cheap money from the efforts of others.