QUT ECONOMIST SUPPORTS FLOOD LEVY

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.”

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

"10x in six months": Brisbane startup Xrecruiter opens Melbourne office

"10x in six months": Brisbane startup Xrecruiter opens Melbourne office

A Brisbane-headquartered startup that helps recruiters strike it ou...

Another setback for Tritium as Nasdaq calls out EV charger manufacturer over listing standard

Another setback for Tritium as Nasdaq calls out EV charger manufacturer over listing standard

After restructuring its shares by one-to-200 in order to prope...

US investor Quinbrook gears up to build giant battery at Brisbane’s $2.5b Supernode

US investor Quinbrook gears up to build giant battery at Brisbane’s $2.5b Supernode

US-based investment group Quinbrook Infrastructure Partners is pois...

Law firm profits surge as survey reveals robust client demand and margins

Law firm profits surge as survey reveals robust client demand and margins

Four in every five Australian law firms are reporting profit margin...