Thursday, February 2

Tag: Stamp duty

NSW land tax and stamp duty debacle again shows how politics trumps policy
Politics

NSW land tax and stamp duty debacle again shows how politics trumps policy

Politics can lay waste to the best of intentions and grandest of ambitions. Nowhere is this better illustrated at the moment than in New South Wales.Incumbent Premier Dominic Perrottet has been something of a land tax zealot for many years, throughout his time as treasurer and when elevated to his current role.It's dangerous political territory to be seen as pro-tax, especially when that tax is on the family home.Perhaps that's why, with an election looming large just months away, his government bottled it on land tax reform.Rather than Perrottet's original grand designs of transitioning New South Wales away from stamp duty and onto land tax, his government passed a "reform" that retains the worst element of stamp duty with the biggest risk of a move away from it.The government's scheme, w...