Business
RBA backs move to axe stamp duty – The Adviser – The Adviser
Reserve Bank governor Philip Lowe has expressed support for the removal of stamp duty, which he has described as a “tax on mobility”.
Reserve Bank governor Philip Lowe has expressed support for the removal of stamp duty, which he has described as a tax on mobility.On Friday (14 August), Philip Lowe, governor of the Reserve Bank of Australia, told the House of Representatives standing committee on economics that he would support the scrapping of stamp duty as part of a broader tax reform agenda to support the economic recovery effort.
[Stamp duty] is a tax on mobility, people moving location, he said.
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