It would be a mistake to think that just because higher earners face higher tax rates, that’s what they pay. When it comes to income from savings it’s the other way around.
Articles on Stamp duty
Displaying 21 - 40 of 41 articles
At a time when so many are struggling, cutting stamp duty and helping the well off might seem like a strange move.
Boosting the GST and swapping land tax for stamp duty get headlines, but they never seem to happen.
It’s time to reform stamp duty, one of the most inefficient and distorting taxes collected by Australia’s state and territory governments.
Millions of Australians are struggling with unaffordable housing. It’s a systemic problem that’s been decades in the making, and only concerted system-wide reforms will fix it.
The conventional case for swapping stamp duty for land tax will boost the economy has weak underpinnings.
The Grattan Institute says swapping stamp duty for land tax would make Australians up to $17 billion a year better off.
Housing affordability has declined significantly over the past few decades. Slowly reducing negative gearing and capital gains, and switching to property taxes, could reverse this trend.
When people do downsize, financial incentives are generally not the big things on their minds. And so most of the budget’s financial incentives will go to those who were going to downsize anyway.
Housing experts writing for The Conversation largely agree on the government policies that are causing negative distortions in the market and the wider economy. And supply is not the key concern.
A combination of transit-oriented centres, inclusionary zoning and a special rate on land instead of stamp duty could make housing more affordable by cutting congestion, development and travel costs.
NSW’s no-debt budget comes with a declining share of GST, an issue that must be wrangled with the federal government.
Australia’s housing stock is not meeting the demands of older Australians, according to a new report.
It makes sense for the federal government to grease the wheels of federal-state tax reform.
The gains from modest tax reform are not likely to be a revolution in Australia.
There are far too many financial incentives keeping older Australians from choosing to downsize.
It would be easy to misinterpret a recent comment by federal Treasurer Scott Morrison as meaning that states and territories generate 90% of all revenue collected in Australia. That’s not the case.
Real estate is favourably taxed in Australia, and it will continue to bite the housing market unless there is serious reform.
Gladys Berejiklian’s first budget as NSW Treasurer includes some infrastructure goodies but misses an opportunity to reduce the state’s reliance on property taxes.
Scrapping stamp duty on property transfers altogether would make a meaningful, positive impact on the housing market. But don’t hold your breath; the NSW government is addicted to stamp duty.
Top contributors
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Program Director, Housing and Economic Security, Grattan Institute
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John Curtin Distinguished Professor, Curtin University
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Deputy Director and Associate Professor, Centre of Policy Studies, Victoria University
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Research Fellow - Henry Halloran Trust, University of Sydney
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Professiorial Fellow, The University of Melbourne
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Professor, Centre of Policy Studies and the Impact Project, Victoria University
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Senior Lecturer in Finance, University of Sydney
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Director, Bankwest Curtin Economics Centre (BCEC) and John Curtin Distinguished Professor at Curtin Business School, Curtin University
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Professor, Department of Economics, The University of Melbourne
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Professor of Economics, City St George's, University of London
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Casual Lecturer in Planning, University of Sydney
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Adjunct Professor, Curtin Law School and Curtin Business School, Curtin University
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Research Fellow & Deputy Director, HACRU, University of Tasmania