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Assume the NZ government is currently considering abolishing stamp duty on the purchase of new properties starting from July 1st 2021. Stamp duty acts as
Assume the NZ government is currently considering abolishing stamp duty on the purchase of new properties starting from July 1st 2021. Stamp duty acts as a per unit tax on the purchase of new properties. Alan argues that this will not help new home buyers now because the policy does not come into effect until well into next year. Edwina on the other hand argues that the policy will still help new home-buyers well before the new policy comes into practice. Explain, in words, who you think is correct, Alan or Edwina, and why.
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