NSW Treasurer signals stamp duty land tax switch

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With NSW’s stamp duty receipts sinking like a lead balloon:

NSW Treasurer, Dominic Perrottet, has called for tax reform, including the elimination of inefficient state taxes like stamp duties, to spur growth:

Given that the NSW government is already building almost as much infrastructure as the market can handle, slashing taxes for business and homebuyers, and providing billions in cost-of-living support, it seems sensible to query whether simply doing more of the same (that is, more stimulus) will shift the dial…

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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.