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.
