Axing stamp duty is a great idea, but NSW is going about it the wrong way
- Written by John Freebairn, Professor, Department of Economics, University of Melbourne

In tax design as in many endeavours, it’s easy to work out how things should be; harder to work out how to get there.
In NSW, Treasurer Dominic Perrottet wants to replace the one-off stamp duty on real estate transactions with an annual land tax.
In the long run, this one single reform could produce the biggest possible...