Support for 12.5pc GST if stamp duty abolished

Original article by Joanna Mather
The Australian Financial Review – Page: 3 : 13-Jul-15

An online survey that was undertaken on behalf of the Property Council of Australia has found that 64 per cent of respondents would be in favour of abolishing stamp duty in return for an increase in the GST to 12.5 per cent. Meanwhile, 68 per cent expressed a preference for an income tax cut to offset the impact of a higher GST. Some 64 per cent of respondents identified stamp duty as the nation’s most unfair tax, ahead of land tax and personal income tax.

CORPORATES
PROPERTY COUNCIL OF AUSTRALIA LIMITED, BAPTIST CARE AUSTRALIA LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

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