Queensland Treasurer Cameron Dick says NSW Premier Dominic Perrottet is playing politics in refusing to provide data enabling land taxes to be imposed on NSW investors with Queensland property holdings.
A landlord who owns a rental property in Queensland and another interstate could soon have to pay thousands more in land tax,but some economists say it could be good news for aspiring homeowners.
Economists welcomed NSW’s plan to phase out stamp duty,but warned the slated plan to exclude higher value properties is flawed and will create problems down the track.
What sort of government bins reforms that would cut red tape adding an unnecessary six months to the planning process?
Liberal backbenchers are calling for wide-ranging tax reform,including capital gains taxes on high-value homes and income tax cuts.
Experts are warning past failures at the voting booths with tax promises and a lack of courage will keep necessary reforms off the table at the 2022 election.
A death duty is politically unpopular,but Australia is one of only a handful of developed countries without one. As inequality rises,the case for a death tax is growing.
Death duties,hiking the GST and more taxes on housing are on the wish lists of the nation’s top economists.
Top economists,former Treasury officials and ex-politicians are warning that Australia is fast approaching a fiscal nightmare.
Research from the federal government’s affordable housing arm urges states to kill off stamp duty in favour of land tax to encourage household mobility.
The former RBA governor says low-income workers should be allowed to withdraw some of their super early to buy a first home,while former PM Kevin Rudd,super funds and Labor warn such a scheme would push up property prices.