Calls to cut stamp duty are not the whole answer to tax reform, said Australians for Affordable Housing (AAH) today.
AAH Spokesperson Sarah Toohey said that more comprehensive tax reform is required to really improve housing affordability for all.
While it is not a popular tax with purchasers, cutting stamp duty alone is not the answer to the housing affordability crisis. In isolation cutting stamp duty won’t address speculation that drives up house prices,” said Ms Toohey.
Tax reforms are an important aspect of addressing the housing affordability crisis. But rather than quick fixes or knee-jerk calls, we need to examine a range of measures that will work in conjunction to actually improve housing affordability.
We do welcome a robust debate about tax and housing in the Government’s upcoming tax summit and believe that as part of broader reform there are strong arguments to cut stamp duty over time and replace that revenue with a broader based land tax.
Key Australians for Affordable Housing partners including ACOSS, National Shelter and the Community Housing Federation have already made submissions and will be attending the Tax Summit. Housing should be a central issue of debate at the summit.
We most certainly need tax reform to improve housing affordability in this country, but not just by headline-grabbing calls for the removal of stamp duty, but from a considered, and broad range of reforms that will work to improve the problems for all,” said Ms Toohey.
- Alliance of community groups launches petition to reform negative gearing
- Affordable Housing Reform Agenda launched
- Time to look at real solutions to Australia’s housing affordability crisis – ACOSS
- CEOs appeal to Minister to end funding uncertainty – Homelessness Australia
- Report on Government Services 2015 Released