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With the stamp duty ‘rivers of gold’ now turning into rivers of mud, state governments are looking for a more broadly-based tax system to keep their budgets afloat.
That’s the type of forecast that’s been going around for the last few months, in fact for the last few decades, and in the past have been easy to dismiss as they were made by overseas “experts” each trying to outdo the other with sensational headlines.
It commenced with a GFC shadow and with widespread floods around the country. It ended on the dawn of Covid-19 with some of the biggest bushfires in Australian history.
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