Tag: capital gains discount
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Union Urges End to Tax Breaks Turning Australian Housing into Wealth Hoarders’ Vehicle
Campaign to End Tax Breaks on Investment Property Gains A prominent Australian trade union is stepping into the ongoing housing affordability debate with a bold demand: scrap or overhaul the tax breaks that critics say turn housing into a vehicle for hoarding wealth. The Australian Manufacturing Workers’ Union (AMWU) and allied unions argue that current…
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Union pushes to end tax breaks on housing: sees property as wealth hoard rather than home
Overview: a call to end housing tax breaks A major Australian trade union is pressing for sweeping reforms to housing tax policies, arguing that current breaks have transformed homes into vehicles for wealth accumulation. The Australian Manufacturing Workers’ Union (AMWU) is pushing to end or reform incentives that subsidize investment property ownership, saying they exacerbate…