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ACTU calls for capital gains tax reform
There’s plenty of momentum for outside parliament for a change to the capital gains tax discount – including from the Australian Council of Trade Unions (ACTU).
When John Howard brought in capital gains tax 26 years ago, the average wage of a worker, it would be six times more, to buy a house. Now, it’s nearly twice that, it’s 11.
It’s 1%, like, 1% of the wealthiest Australians, the ones benefiting from this [CGT discount]. I think it’s not just us, it’s like across the community, people like [independent MP] Allegra Spender, everyone saying that this needs to change and clearly it does. I do think the government is listening to that and we’re going to just keep pushing because it’s the right thing to do.
Continue reading...Source: Guardian - World News
