NSW, Victoria ready proposals to fix ‘train wreck’ tax system

Financial Review – 

NSW and Victoria are developing detailed proposals on cutting stamp duty and reforming payroll tax for other states and the federal government to consider as part of a national tax reform blueprint.

The two largest states in coming weeks will lay out proposals to the Council on Federal Financial Relations, which is the meeting of the federal and state treasurers who the Prime Minister has charged with developing tax reform options.

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