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A broader land tax to replace stamp duties on property?

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The NSW Review of Federal Financial Relations, led by businessman David Thodey, is releasing a consultation findings document before its interim report is due about April and final report in mid-2020.

Their findings show how property transfer duty is a costly tax that impacts citizens’ freedom to move throughout the seasons of life. It can have the worst impact on first-home buyers and seniors.

Most people are calling for the tax to be replaced. Perhaps a broader land tax would be fairer, more efficient and less volatile hence could replace it. 

https://www.afr.com/policy/tax-and-super/thodey-exposes-property-tax-burden-20200210-p53zeg

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By IdeaSpies

11th February 2020

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