Replace stamp duty with land tax, business tells Victoria

to dump stamp duty. Instead, he has offered first home buyers the option of paying an annual land tax on property worth up to $1.5 million.but has since seemed lukewarm about the proposal.

Paul Guerra: “We’ve got to be at least as competitive as NSW and, where we can, let’s be more competitive.”“We think given the co-operating that occurred around the national cabinet it is time to put all the taxes on the table – payroll tax, stamp duty, income tax, it might be good to go a step further and include GST – to actually get national unity, so that any inconsistencies that exist between the states can be removed.

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Source: FinancialReview - 🏆 2. / 90 Read more »