Property investor’s lobby launches laughable negative gearing attack

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By Leith van Onselen

The idiocy is spreading with the Property Investment Professionals of Australia (PIPA) launching another asinine attack on Labor’s negative geaing policy:

Plans to limit negative gearing and slash capital gains tax concessions could cost a Labor government $32 billion in over just 10 years, according to new research from Property Investment Professionals of Australia (PIPA).

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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.