BLOG: Stamp Duty

Getting the Stamp Duty transition right

Getting the Stamp Duty transition right

Replacing stamp duty with land tax has the potential, if enacted sensibly, to support budget recovery without impeding economic growth.  The NSW and Victorian Treasurers are to be commended for taking on the challenge of reform. How this switch is implemented is...

How much is a politician’s skin worth?

  The IMF has added its voice to the calls for Australia to reform how we tax ourselves to be more productive, fairer and better placed to manage the headwinds ahead. Its annual consultation report with the Australian government says: “Stamp duties should be...

A Land Tax for the Top End?

Amid recent GST distribution cuts of $400m p.a. (about 12% of revenue) and a flagging property market, the Northern Territory Government is facing severe fiscal challenges. The NT is the most stamp duty reliant government in the federation, and has been hard hit an...

What silly kind of a tax raises no money?

Overseas buyers of Melbourne real estate have had to pay a Foreign Purchaser Additional Duty since mid-2015. The tax raised $133 million last year, according to official figures released to The Age under Freedom of Information. The newspaper tried to suggest this tax...

Oz lottery: Win $85 billion in Stamp Duty reform

Peter Martin, Australia’s clearest economic writer, has turned his icy gaze to Stamp Duty. This vile tax causes real harm to all of us and begs to be struck from the statute books. Yes, it is a state tax. Yes, the feds can push reform along and add $85.5 billion to...