Brendan Coates of the Grattan Institute says Victoria’s economy would be $5.3bn better off next financial year if stamp duty was replaced by an annual land tax. As the state government considers reforming its contentious stamp duty, here are the benefits and pitfalls of replacing it with an annual tax. The Victorian government has given its strongest indicator yet it is open to reforming stamp duty – one of the state’s most contentious taxes. The government this week released its response to a parliamentary inquiry that urged the state to investigate options to scrap stamp duty and replace it with a broad-based land tax.
Brendan Coates of the Grattan Institute says Victoria ’s economy would be $5.3bn better off next financial year if stamp duty was replaced by an annual land tax . As the state government considers reforming its contentious stamp duty , here are the benefits and pitfalls of replacing it with an annual tax. The Victoria n government has given its strongest indicator yet it is open to reforming stamp duty – one of the state’s most contentious taxes.
The government this week released its response to a parliamentary inquiry that urged the state to investigate options to scrap stamp duty and replace it with a broad-based land tax
Victoria Stamp Duty Annual Land Tax Reform Government Economy
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