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Queensland’s Nationwide Land Tax a ‘Desperate’ Move to Deal With Ballooning Debt

“It was so outrageous that we assumed it would never pass,” was one comment passed on to Antonia Mercorella, CEO of the Real Estate Institute of Queensland (REIQ).
“I think a number of us were scratching our heads wondering who came up with this particular reform because I think it’s really taking tax to a new level, and it is concerning,” she told The Epoch Times.
Mercorella is referring to the Queensland government’s recent decision to expand land tax liability—one of four new taxes introduced in the Australian state’s most recent budget in what is considered an attempt to arrest fast-rising debt and public service costs….

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