Baird should butt out of federal taxation debate: Gunning

Baird should butt out of federal taxation debate: Gunning

NSW Premier Mike Baird should take care of his own backyard rather than attempting to interfere in federal politics, according to real estate veteran Malcolm Gunning.


The comments follow Mr Baird’s address to the National Press Club in Canberra earlier in the week (29 November 2016) when he called for changes to negative gearing to be considered.


“Mr Baird is attempting to deflect attention away from what he and his government have control over, stamp duty and land tax,” Mr Gunning said.


“If he is serious about making comments in regard to taxation reform he needs to start looking in his own backyard and conduct a review of these outdated and unfair taxes.


“Mr Baird must butt out of the federal taxation debate, stop pointing the finger at someone else and take responsibility for first home-buyers in NSW who are struggling to get onto the property ladder.


“It is time for Mr Baird and his government to make the tough decision to stop reaping the rewards of a failure to review stamp duty that is filling government coffers at record rates and bring it back to levels that were intended.


“Currently upwards of 25 per cent of the cost of the purchase price of a new residential property goes on local, state and federal taxes, including GST. This is what is impeding turnover of property in NSW. It is time to look after the best interests of the people of this state,” Mr Gunning said.

Subscribe to our newsletter

Weekly updates Weekly headlines, delivered to your inbox

Join the conversation!