NSW State Could Abolish Stamp Duty, Payroll Tax

NSW Treasurer Dominic Perrottet speaks to the media at the Waverley Bus depot on April 29, 2020 in Sydney, Australia. Brook Mitchell/Getty Images

The NSW opposition have given their cautious support to the Berejiklian government’s push to abolish stamp duty and payroll tax in a bid to revive the state’s economy following COVID-19.

With unemployment forecast to hit 10 per cent by the end of the year, NSW Treasurer Dominic Perrottet on May 2 laid out a plan to scrap what he described as inefficient taxes.