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.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianAus - 🏆 1. / 98 Read more »
Source: theage - 🏆 8. / 77 Read more »
Source: brisbanetimes - 🏆 13. / 67 Read more »
Source: smh - 🏆 6. / 80 Read more »