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Axing stamp duty is a great idea, but NSW is going about it the wrong way

Written by John Freebairn, Professor, Department of Economics, University of Melbourne

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In tax design as in many endeavours, it’s easy to work out how things should be; harder to work out how to get there.

In NSW, Treasurer Dominic Perrottet wants to replace the one-off stamp duty on real estate transactions with an annual land tax.

In the long run, this one single reform could produce the biggest possible...

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