Stamp duty fever: the bad economics behind swapping stamp duty for land tax
- Written by Cameron Murray, Lecturer in Economics, The University of Queensland
Eliminating stamp duty would bring on more real estate transactions, but that might not be a good thing.Shutterstock
To paraphrase former prime minister Paul Keating, walk into any pet shop in the country and you’ll find the resident galah saying we should swap stamp duty for a land value tax.
Just about every economic think tank in the land...
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