this post was submitted on 22 Oct 2024

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Stamp duty 'a bad tax' that distorts the market, housing minister says, welcoming shift to land tax (www.abc.net.au)

submitted 1 month ago by Longmactoppedup@aussie.zone to c/australianpolitics@aussie.zone

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[–] Nath@aussie.zone 4 points 1 month ago (2 children)

Haven't most of the states privatised (or commercialised) their Land Registries/Stamp Duty processes? How could this work if they have 50-year contracts with private businesses who are taking the proceeds of Stamp Duty transactions?

[–] No1@aussie.zone 2 points 1 month ago* (last edited 1 month ago)

Payout massive penalties to mates to settle the breach of contract.

Sell off new contract with guaranteed profits to mates to stick it to the plebs again.

[–] Gorgritch_umie_killa@aussie.zone 2 points 1 month ago

Simple, apply the toll roads business model... /s