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‘Foreign investors should pay double stamp duty’ says Scott Haywood

Article image for ‘Foreign investors should pay double stamp duty’ says Scott Haywood

Finance guru Scott Haywood has suggested the government charge double on stamp duty for foreign investors. 

Scott Haywood’s proposal includes both foreigners and non-citizens that are residents.

‘When buying any residential or commercial property, they should pay double stamp duty.’

Scott went on to say – ‘We can reduce our debt before we even start the project on the western distributor’

One listener says ‘double stamp duty’ is not enough – ‘You can’t do it in Vietnam or Japan, why should they do it here?’

The foreign investment review board would need to make the decision.

Click PLAY below to hear Scott Haywood and Nick McCallum discuss the idea

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