Forget value capture. Go with a broad-based land tax

By Leith van Onselen

Property developers have waged war against the use of ‘value capture’ on developments to claw back the cost of infrastructure, claiming that the schemes tend to be ad hoc and not applied broadly enough to all beneficiaries. From The AFR:

A report by the industry lobby group Urban Taskforce argues that the idea of using such funding systems is fine in principle, but should only be used if applied broadly across a community that benefits from new infrastructure such as rail.