Queensland’s “generous” tax process will soon be reformed to amount the taking part in subject amongst regional and interstate traders. As outlined in the 2021–22 Spending budget Update – Mid-Yr Fiscal and Financial Review, the Queensland governing administration is eyeing to shut the “loophole” in the state’s land tax method, which allows interstate traders, specially those people who hold investments in other states, to bear much less legal responsibility. Below the “fairer” land tax process envisioned in the spending plan update, tax arrangements will be amended to account for the total price of land held interstate when examining land tax legal responsibility. Here’s an excerpt from the price range update:…