Abbott rules out negative gearing changes

Advertisement

By Leith van Onselen

It seems the Government’s war on entitlements does not apply to wealthy tax shelters, with Prime Minister, Tony Abbott, last night ruling-out changes to negative gearing because he doesn’t want to raise taxes. From The SMH:

Asked whether he would rule out changes to negative gearing, following an Australian Council of Social Service report that called for the tax break to be restricted, Mr Abbott said: “Yes”.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.