Federal government must incentivise state tax reform

New South Wales Treasurer Dominic Perrottet has flagged plans to replace stamp duty on property purchases with an annual land tax.

Tax experts taking part in a panel at a Blueprint Institute lunch have urged the federal government to back NSW by offering it and other states and territories financial incentives to scrap stamp duty:

The financial trouble states face when abolishing the tax was exactly why the federal government needed to step up, said Professor Stewart, from the Melbourne University Law School.

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