Plans to replace stamp duty on properties sold in Scotland have been debated by MSPs at Holyrood.
Stamp duty is cheap to collect but it raises the cost of capital for firms.
Under the plans, MSPs would also gain control over stamp duty and landfill tax.
Mr Swinney said the replacement for stamp duty would be more progressive but some buyers would end up paying more.
And the 1% rate was used for two-thirds of the homes where stamp duty was paid, he added.
Also in October, Hong Kong enacted a 15% buyer's stamp duty, or BSD, against home purchases by foreigners.
The current French tax is even more limited than the U.K.'s stamp duty.
It is likely that such taxpayers also pay a big proportion of stamp duty, capital-gains tax and inheritance tax.
It would make me feel better to go back a century and bring back stamp duty for online media.
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Stamp duty would stop lightning-fast, online media and bring that ancient tradition back.
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The latest figures reflect efforts to raise revenues, from levying VAT on fizzy drinks in Maharashtra to raising stamp duty.
There is good news for investors, with the complete abolition of stamp duty on shares traded on the Alternative Investment Market.
Higher property prices boost tax revenues directly, through levies on capital gains or on transactions (such as stamp duty in Britain).
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Mr Osborne has made populist pledges to cut stamp duty for first-time home-buyers and to exempt more people from inheritance tax.
Despite its origins in the 17th Century, stamp duty is a very real fact for almost anyone buying a property today.
Regulators also imposed a seller's stamp duty on industrial property for the first time, responding to heated activity in that sector.
An increase in either stamp duty or capital gains tax are other possibilities if the council tax option is ruled out.
Control of stamp duty on land and property is being devolved from Westminster to Holyrood under the recently passed Scotland Act.
Another unpopular property tax is stamp duty, which is paid by house-purchasers.
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Stamp duty on the purchase of expensive houses has also gone up.
He said he saw no difficulty with smaller taxes being administered from Wales, such as stamp duty, land tax and air passenger duty.
They also had escaped the stamp duty paid by foreigners, but now will have to pay a 5% fee when purchasing their first home.
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MSPs will also gain control over stamp duty and landfill tax.
The measures included raising the stamp duty and increasing down-payment requirements.
The American Revolution was fought in part because of stamp duty.
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The Johnson admin abolished the US version of stamp duty, not JFK. When the 1914 to 1966 tax was in place, very few commoners were invested.
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Shields, former vice president with Facebook, is confident that the lack of stamp duty tax will be a boon to entrepreneurs in the technology space.
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The company cut prices at a luxury development in the city's industrial Lai Chi Kok district this month and offered to rebate on the stamp duty.
Consequently, the number of sharia-compliant financial packages has grown in response to Muslims' beliefs about interest, with some mortgage products even disposing of double stamp duty.
Rics blamed the worsening affordability on the reduction in the loan-to-value ratios lenders were prepared to offer first-time buyers, and the "continued burden" of stamp duty and professional fees.
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