$5b bonanza for state by dumping stamp duty

  • The Baird Government could boost the state economy by $5 billion by eliminating stamp duty and substituting it with a broad-based land tax, new modelling shows.

    The NSW Business Chamber, the NSW Council of Social Services and the NSW Branch of the Australian Manufacturing Workers Union have combined to call for stamp duty on property purchases to be dumped and replaced by a newly designed land tax.

READ MORE VIA SMH

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There has been a call for stamp duty on property sales to be dumped and replaced by a newly designed land tax. Photo: DAVID GRAY

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