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We need to modernise our taxation system, says Treasurer, echoing the sentiments of the property industry.
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A survey commissioned by the Property Council of Australia shows Australians consider a GST to be fairer than stamp duty.
ACIL Allen Consulting was commissioned jointly by the Real Estate Institute of Australia and the Property Council of Australia.
Should we have a national uniform stamp duty structure, or a stamp duty sliding-scale?
Stamp duty alone contributes more than 20 per cent of the total revenues of the NSW, Victoria, Western Australia and Northern Territory governments.
Industry push to overhaul property taxation following government's tax discussion paper.
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