Opposition leader says people are using the appeals system to remain in Australia; ACCC says Coles and Woolworths are ‘oligopolists’. Follow today’s news headlines liveGet our breaking news email, free app or daily news podcastIndependent senator David Pocock urges a “sensible middle path to reform” on negative gearing and capital gains, speaking to ABC RN after changes were seemingly snuffed out by the prime minister Anthony Albanese.His proposal with Jacqui Lambie to “grandfather existing arrangements, and then limit negative gearing to one interest going forward and only have a capital gains tax discount for new builds” would incentivise rather than throttle supply, he says.I think there are really sensible ways, ways forward, particularly when you know 70% of Australians who own investment properties only own one.We are in a housing crisis, and I’m concerned politicians aren’t quite clocking just how bad this is across the country. We should be talking about tax reform, planning reform, stamp duty, migration. We need to be having a sensible conversation about all of these things and then finding a way forward. Continue reading…
Source link : https://www.theguardian.com/australia-news/live/2024/sep/27/australia-news-accc-supermarkets-report-peter-dutton-international-students-comments-anthony-albanese-negative-gearing-ntwnfb
Author : Rafqa Touma
Publish date : 2024-09-26 23:56:35
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