Lawmakers warn of stand against stamp duty move

Lawmakers have warned the government that they will vote against a proposal to double stamp duty on property purchases if the administration fails to make substantial changes.

Legislative councillors issued the threat after trade groups, professional and religious organisations condemned the planned bill for not making a distinction between long-term genuine investors and speculators.

via Business feed http://www.scmp.com/business/economy/article/1260261/lawmakers-warn-stand-against-stamp-duty-move