The Real Estate Institute of Australia has welcomed, Supporting the road to recovery, the Draft Report of the independent NSW Review of Federal Financial Relations.
The report notes that ‘There is a strong case for reforming the GST and reducing our reliance on more harmful taxes, while re-directing a portion of revenue to lower income households so they do not bear the burden of reform’ and it is ‘time for state and Commonwealth governments to agree to options for reforming our 20-year-old GST and scaling back inefficient taxes’ including stamp duty on property transactions.
“The REIA supports the call for the newly formed National Cabinet to commence the long overdue discussion to adjust the GST and remove inefficient taxes such as stamp duty on property transactions to boost economic growth at this crucial time and not let this report gather dust on the bookshelf as others have,” said Mr Adrian Kelly, President of the Real Estate Institute of Australia.
Download the full media release here:
RENTAL EVICTION MORATORIUMS SHOULD BE REVISITED BY NATIONAL CABINET
HOUSING CONTINUES ITS RECORD RUN
HOUSING MARKET READY TO BE PUT TO THE TEST IN 2021
OCCUPATIONAL MOBILITY MUST SERVE PROPERTY CUSTOMERS: REIA SAYS
REIA News – December 2020
MYEFO POINTS TO GAINS FOR THE PROPERTY MARKET PROMPTED BY QUICKER ECONOMIC RECOVERY
REIA WELCOMES STATE OF THE NATION’S HOUSING REPORT
RE-ELECTED REIA PRESIDENT, ADRIAN KELLY SAYS MEMBERS ARE REPORTING STRONG RECOVERY AFTER CHALLENGING YEAR
