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

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

GOODMAN TAKES PROFIT AND REVENUE DECLINE BUT LOOKS TO CASH IN ON AMAZON'S ARRIVAL

Commercial and industrial property group Goodman (ASX: GMG) has reported underlying full year net profit has dropped ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

ARIADNE CUTS DEMANDS FOR FOUR ARDENT BOARD SEATS TO TWO AHEAD OF EGM

REBEL shareholders have reduced their demands on embattled theme parks operator Ardent Leisure (ASX: AAD) to give the...

Related News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter