Getting rid of stamp duty might just be a pipe dream

David Thornton, reporting for Money Magazine with “NSW and Victoria push to scrap stamp duty but will land tax save you money?”

Calls for scrapping stamp duty are gaining traction in the midst of the COVID-19 pandemic, as the states look for ways to stimulate their battered economies.

Critics of stamp duty point to its transactional, front-end nature, and the burden that creates for first-home buyers and those looking to invest, upsize, downsize, or relocate.

The merits of removing this terrible tax has been debated ad nauseam, yet year after year, it’s still with us.