The Australian Treasury has released a new working paper examining the efficiency impacts of various taxes, and has unsurprising found that land tax comes out on top:
As suggested by the theory broad based land tax has a very slight impact on factor income as seen in Chart 25.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
