Text size Follow us on Twitter Find us on Facebook

Turnbull should help the states switch stamp duty for land tax

Rachel Ong and Gavin Wood write in The Conversation (20.4.16) about proposals to replace states' property stamp duties with a more equitable land tax system.

'Before the government considers company or personal income tax cuts, it should help the states replace property stamp duties with a broad based land tax argues the Australian Council of Social Service.

'It is well recognised by tax experts that land taxes are a more efficient tax than stamp duty. Indeed Treasury modelling released earlier this month confirmed what theory has long proposed – that stamp duties are a drag on the economy, raising the price of housing and adding to the upfront costs that homebuyers pay to break into the home ownership market.'


Previous : Next


© 2022 The T J Ryan Foundation

TJ RYAN FOUNDATION LIMITED ACN: 165152625 ABN: 78 165 152 625 info@tjryanfoundation.org.au
Registered office: SOUTH BRISBANE QLD 4101 Regulator: Australian Securities & Investments Commission