CBA backs CGT cuts, HIA hoses same

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By Leith van Onselen

The rent-seekers over at the HIA have issued a media release congratulating Do-Nothing Malcolm on ruling-out changes to the capital gains tax (CGT) discount:

The Prime Minister’s statement yesterday that there will be no changes to Capital Gains Tax (CGT) on housing has the full support of the residential building industry, says the Housing Industry Association (HIA).

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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.