The Real Estate Institute of Australia (REIA) has welcomed today’s release of the Government’s Taxation Discussion Paper as it signals the start of the long awaited and much needed debate on taxation reform.
REIA President, Neville Sanders said “We are pleased that the paper is comprehensive and puts GST on the table. Debate around GST is vital as it is the second largest source of Government revenue after income tax and to have excluded it would have constrained the debate as well as the possible solutions. ”
“We urgently need to reform the current taxation arrangements including the abolition of inefficient state taxes that can adversely impact the economy such as stamp duties, which discourage population mobility.”
