Negative feedback: As the government insists it is not revisiting a proposal to scale back negative gearing, economists say curbing the tax break is necessary to address an increasingly complex housing crisis.

Autor: Kurmelovs, Royce
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Zdroj: Saturday Paper; 10/5/2024, Issue 520, p3-3, 1p
Abstrakt: Economists have criticized Prime Minister Anthony Albanese's defense of negative gearing, arguing that curbing the tax break is necessary to address the housing crisis. The issue gained attention after reports that Treasury officials were considering scaling back negative gearing and the capital gains tax discount. Albanese has stated that his party will not make changes to negative gearing because it will not address housing supply. However, economists argue that removing negative gearing would improve housing affordability and reduce competition in the market. They also emphasize that the housing crisis requires multiple solutions, not just changes to negative gearing. [Extracted from the article]
Databáze: Complementary Index
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