New South Wales Premier Dominic Perrottet’s bid to abolish stamp duty is back in the limelight, calling it the “worst tax” that a state could have.
The premier has been outspoken on scrapping stamp duty—a significant one-off tax payment when purchasing a home—since he was the state’s treasurer.
The state government’s proposed reform would give home buyers a choice to pay the one-time tax or opt into a perpetual annual land tax.
“I believe stamp duty is the worst tax that any government can have,” Perrottet said on June 13. “It is a massive impediment for people getting into the housing market.”…