Australian Property

Has Labor just backed a broad-based land tax?

Leith van Onselen
Friday 12 September 2014
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By Leith van Onselen

In welcome news, the Federal Labor Party has reportedly backed replacing inefficient and inequitable stamp duties with a “property tax”. From The AFR:

Labor has backed the concept of replacing stamp duty with a property tax as part of a tax reform agenda it is developing to make housing more affordable…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.