Victoria shows Australia how to finally abolish stamp duty once and for all.

Stamp duty is a bad tax Originally intended to be abolished as part of the deal to introduce the goods and services tax back in 2000, stamp duty on commercial and industrial properties accounts for about one-fifth of all stamp duty revenues collected in Victoria. Read more: Victoria bites $117 billion bullet, begins the long march of land tax reform Stamp duty even acts as a tax on divorce. The Australian Capital Territory is well on the way to abolishing them as part of its broader property tax reforms, which will see stamp duty replaced with a broad-based land tax for all types of property over two decades. [Extracted from the article]