Tax Reform and Industrial Relations Need to Be On The Agenda

March 24th,2014

Property taxes such as stamp duty are inefficient and should be abolished, says the Real Estate Institute of Australia (REIA).

REIA President Peter Bushby says, “The next Government needs to make the tough decisions. Action, not rhetoric, is what’s needed now.”

“Stamp duties on property transfers are not only inefficient but they are costly to manage, reduce national competitiveness and productivity and are unequally and unfairly applied.”