Capturing value: Advice on making value capture work in Australia
By Infrastructure Australia
The complete report, which was published in December 2016, is available at https://www.infrastructureaustralia.gov.au/
Synopsis: The report calls for the Australian government to put the concept of “value capture” to use to help fund the country’s future infrastructure investments. Specifically, Infrastructure Australia suggests the government transition “to a broad-based land tax — alongside the removal of stamp duty,” in order to “eliminate many of the challenges posed by individual measures and provide a permanent, more efficient method of value capture, which can help fund the infrastructure Australia needs over coming decades.”
An example the report uses of value capture as it relates to infrastructure investment is the development of a transportation hub and the subsequent increase in proper