NSW Premier Dominic Perrottet has admitted that his plan to replace stamp duty with land taxes is dead without the federal government providing funding assistance to facilitate reform:
Mr Perrottet said federal tax policy settings punished states that tried to overhaul their own arrangements. Existing arrangements would “completely penalise” NSW residents if his government embarked on reform, he said…
“We’ll continue to do that alongside advocating the federal government improve the [federal tax] system,” Mr Perrottet said.
