More zeal than sense
Why throw out a perfectly respectable source of revenue – stamp duty – and thereby narrow your tax base?
As his recent budget demonstrated, ACT Treasurer Andrew Barr is an ambitious politician who intends to leave his mark on the territory’s public finances.
Nothing wrong with that, except that the Treasurer’s plan (eventually) to replace revenue from taxes on conveyancing (stamp duty) with revenue from rates suggests more reforming zeal than common sense.