Oz Blog News Commentary

What silly kind of a tax raises no money?

August 17, 2017 - 14:47 -- Admin

Overseas buyers of Melbourne real estate have had to pay a Foreign Purchaser Additional Duty since mid-2015. The tax raised $133 million last year, according to official figures released to The Age under Freedom of Information. The newspaper tried to suggest this tax is intended to peel money off outsiders, “a significant money-spinner for the […]