The Guardian Australia – Business
·business
·1 hour ago
Coalition vows to repeal Labor's negative gearing and capital gains tax changes
Australia's Coalition vowed Wednesday to repeal Labor's proposed changes to negative gearing and capital gains tax if elected, with opposition leader Angus Taylor calling the measures "toxic taxes." Shadow treasurer Tim Wilson said a future Coalition government would reinstate more generous rules for property investors. The repeal plan would leave the budget about $70 billion worse.
Summary by Glance · The Guardian Australia – Business
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