Taxed Out to the Max

Surprising details from a report commissioned by the HIA produced by the Centre for International Economics shows taxes made up to 44 per cent of the purchase price of a typical Sydney home.HIA chief economist Harley Dale said “In percentage terms you’re talking between 36 per cent and 44 per cent of a final new home price that a buyer actually pays. So it’s a deterrent towards building new homes.” He points out that not only is the provision of shelter highly taxed it is done so in an inefficient manner. More…


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