Stamp duty reform is needed in times of crisis where for every day parts of Australia are in lockdown, billions of dollars are taken away from subsidies to the states, says a UNSW property expert.
Australia has always been unwilling to consider changes to the Goods and Services Tax, but now, in the middle of a pandemic, we could celebrate the GST’s 20th birthday with changes – or even a GST holiday.
It's time to reform stamp duty, one of the most inefficient and distorting taxes collected by Australia's state and territory governments.
Why would the ACT Treasurer throw out a perfectly respectable source of revenue - stamp duty - and narrow the tax base? asks Jenny Stewart.