Land tax, not stamp duty: ReportBY JAMIE WILLIAMSON | FRIDAY, 3 JUL 2020 12:43PMA draft report into reforming GST and reducing inefficient taxes has reignited calls for the scrapping of stamp duty when buying or selling a home, to be replaced by a broad-based land tax. Related News |
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Brian Parker
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AUSTRALIAN RETIREMENT TRUST
AUSTRALIAN RETIREMENT TRUST
To Brian Parker, the best investment ideas are the ones that make common sense. As chief economist of Australian Retirement Trust, Parker combines his analytical prowess and interpersonal skills to better member education and outcomes. Chloe Walker writes.
Would this not discourage people from being home owners, bearing in mind that they already pay land rates to councils? If equity is the goal, I do not see how this changes the equitable tax situation at all, as it is still resting on the home owners, not the non-homeowners, who also utilize all the facilities mentioned above yet do not contribute. Perhaps a totally new type of equitable tax needs to be applied or a review of GST and it's distribution