ACCI right on income & land taxes, wrong on negative gearing

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By Leith van Onselen

The Australian Chamber of Commerce and Industry (ACCI) has provided a response to the Abbott Government’s tax discussion paper, calling on the Government to, among other things, end bracket creep and implement a broad-based land tax in place of inefficient and inequitable stamp duties:

The ACCI’s roadmap for tax reform consists of short, medium and long-term phases, namely:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.