Posts Tagged ‘stamp duty’

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Stamp duty is Australia’s “worst tax’’ and must be eliminated to improve housing affordability, with the annual $15.7 billion finan­cial windfall to the states replaced by increasing the GST, the property industry and employers say.

Its all systems go for the Bureau of Internal Revenue’s stamp tax project following the approval by the Department of Finance of the proposed revenue regulation mandating the affixture of stamps on all imported and locally made cigarettes.

Stamp duty is “clobbering” middle-class families is forcing young people to “squat like overgrown cuckoos” in their parents homes, Tory MPs have warned.

The Ministry of Finance plans to tighten collection of stamp duty in a bid to rein in Myanmar’s soaring land prices, officials said at a press conference last week.

Germany favours an EU-wide tax on financial transactions but would consider a narrower bourse levy as a compromise if it secured the support of Britain, the government’s spokesman said on Friday.

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