In an audacious move, Liberal State Governments have banded together to demand compensation from a future Labor Government from any loss in revenues arising from its negative gearing and capital gains tax (CGT) reform. From The Australian:
The letter — signed by NSW Treasurer Dominic Perrottet, Tasmanian Treasurer Peter Gutwein and South Australian Treasurer Rob Lucas — warns that Mr Shorten’s tax policies will have “significant implications for our constituents and also our local economies.”
