The housing minister said stamp duty distorted people's decisions about when to buy and sell property.Clare O'Neil, the federal housing minister, has backed business groups and economists wanting states to dump stamp duty, saying "it's a really good idea".
Ms O'Neil indicated she was willing to push the need for change but that her ability to move the dial was limited. The tax take represents just over 21 per cent of all revenue directly raised by those jurisdictions. That figure is heavily distorted by NSW and Victoria, which have the heaviest reliance on the tax, raising nearly $25 billion between them.
Mr Dutton said there needed to be a "proper conversation about what the architecture looks like going forward" to address issues such as cost of living and energy.
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Stamp duty, councils and big business’s $10bn shot at the housing crisisThe nation’s peak business group will propose a $10 billion federal plan to build more homes and slash the cost of construction.
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Stamp duty, councils and big business’s $10bn shot at the housing crisisThe nation’s peak business group will propose a $10 billion federal plan to build more homes and slash the cost of construction.
ادامه مطلب »
Stamp duty, councils and big business’s $10bn shot at the housing crisisThe nation’s peak business group will propose a $10 billion federal plan to build more homes and slash the cost of construction.
ادامه مطلب »