Stamp duty reform crucial for economic rebound
COVID-19 has placed stamp duty reform back on the agenda in Victoria, New South Wales and Western Australia, with state governments expected to face tumbling revenue due to a sharp reduction in transaction volumes during the crisis.
Stamp duty has long been considered one of Australia'a most inefficient taxes and an inhibitor to housing transactions. Photo: Shutterstock
COVID-19 has placed stamp duty reform back on the agenda in Victoria, New South Wales and Western Australia, with state governments expected to face tumbling revenue due to a sharp reduction in transaction volumes during the crisis.
While the notion of stamp duty reform has been kicking around for decades, economic forecasts post COVID-19 have most experts agreeing that for Australia to return to its previous prosperity, tax reform is urgently n…
