Original article by David Crowe, Mark Coultan
The Australian – Page: 1 & 4 : 26-Oct-16

New South Wales Finance Minister Dominic Perrottet has suggested that housing affordability could be improved if states replaced stamp duties with a land tax regime. He argues that phasing out stamp duty would encourage more people to sell their homes, particularly so-called empty nesters. It is estimated that stamp duty revenue in NSW will top $A8.7bn in 2016. However, the land tax proposal has been rejected by several other state treasurers. The issue of housing affordability is also on the Federal Government’s agenda.

CORPORATES
NEW SOUTH WALES. DEPT OF FINANCE, SERVICES AND INNOVATION, NEW SOUTH WALES. THE TREASURY, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE, QUEENSLAND. TREASURY, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NEW SOUTH WALES. DEPT OF PLANNING AND ENVIRONMENT, DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIAN NATIONAL UNIVERSITY, HOUSING INDUSTRY ASSOCIATION LIMITED, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, THE CENTRE FOR INDEPENDENT STUDIES LIMITED