QUT ECONOMIST SUPPORTS FLOOD LEVY

Written on the 2 March 2011

QUT ECONOMIST SUPPORTS FLOOD LEVY

A QUEENSLAND University Technology economist has added his voice in support of a one-off levy to help re-build flood-affected areas, as opposed to expenditure cuts.

Head of the School of Economics and Finance, Professor Tim Robinson, says the Federal Government’s proposed one-year flood levy was a good idea because it’s guaranteed to end when the levy collection period is over.

“As an alternative, the government could have announced a rise in taxes in the next budget to cover infrastructure reconstruction costs,” he says.

“They could have actually raised personal income tax rates or raised the rate of GST to pay for flood reconstruction and then there would be no guarantee the new taxes imposed would ever have been removed.”

Robinson believes governments should discourage people from resettling in areas highly prone to natural diasters.

“The Federal Government should not be forced to pay for Councils’ poor planning policies or ill-preparation for natural disasters, such as floods,” he says.

“If Brisbane ratepayers have to pick up some of the tab because their preparation for potential floods is wanting, this is a good thing as it will encourage authorities to rethink the suitability of their policies.

“People should build more flood-proof houses and river walks that can float away shouldn’t be reconstructed.”


Latest News

ADELAIDE DIGITAL MARKETING GURUS CHANGING THE FACE OF ONLINE RETAILING

Frank Grasso, CEO of Adelaide based Dynamic Creative, believes his company's new software will revolutionise Adwo...

WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

USUALLY, when a relatively unknown explorer experiences a sharp spike in its share price, it means they've fou...

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property managemen...

HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

RETAIL giant Harvey Norman (ASX: HVN) has vehemently rejected reports its accounts are under investigation by ASIC, s...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter