The federal government says it’s committed to addressing the challenges faced by younger generations, including housing affordability and the high cost of living. Does the budget deliver on its promises?
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Articles on Capital gains tax
Displaying 1 - 20 of 64 articles
New research shows only 3% of the population paid any capital gains tax in the last decade.
Genuine reform should include tackling tax concessions on superannuation, capital gains and trusts and redesigning the GST.
An astounding one in nine taxpayers negatively gear, costing Australia more than $2.7 billion a year. Here’s how we could get better value for that money – and supercharge investment in new housing.
The rules on what counts as taxable income haven’t changed.
Labour’s 2021 property tax changes were meant to lower the cost of housing. But without a proper capital gains tax it only hurt investors and renters, and made the tax system overall less coherent.
The National Party’s tax package may be a middle-income vote winner, but it avoids the core problem of tax-free wealth. And how much the new system would cost to operate is far from clear.
Forget wealth or capital gains taxes, a straight tax on housing equity – exempting most homeowners – would be a simple and efficient way to break the circuit of inequality.
New Zealand’s tax system might be in need of updating, but Revenue Minister David Parker’s new tax legislation is unnecessarily complicated at a time when we most need clarity.
New Zealand’s ‘one percent’ pay lower tax rates than ordinary earners – just don’t expect any big changes to tax policy in the near future.
The co-hosts of the ‘Taxes for the Masses’ podcast explain the upside and downside of all those credits and deductions.
Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Around a third chose winding back super tax concessions and increased resource taxes.
The wealthiest Australians are taxed differently from the rest of us, because they earn much of their money in a different way.
Australian landlords pay $1 billion less tax per year than the Tax Office believes they should, with almost all of the ‘errors’ in their favour.
The Australian government’s spending on its biggest tax concessions has jumped 24% in the past year.
More housing supply doesn’t mean lower prices. If policy-makers want to make homes more affordable, they must tackle developers who drive up prices and consider taxing capital gains on homes.
The NSW Coalition government has backed a Labor proposal rubbished by the federal Coalition at the last two elections.
President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.
We’ve plenty of homes. Rents have barely moved for half a decade
Without making housing supply the priority, the government’s tax-based policies create more objectives than they can reasonably achieve.
Top contributors
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Professor, Curtin Law School and Curtin Business School, Curtin University
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Associate Professor in Commercial Law and Taxation, Te Herenga Waka — Victoria University of Wellington
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Professorial Fellow, University of Canberra
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Associate Professor of Taxation Law, UNSW Sydney
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Program Director, Economic Policy, Grattan Institute
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Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University
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Professor, School of Taxation and Business Law, UNSW Sydney
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Emeritus Professor of Finance, The University of Melbourne
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Vice-Chancellor’s Fellow, University of Tasmania
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Professiorial Fellow, The University of Melbourne
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Research Fellow - Henry Halloran Trust, University of Sydney
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Chief executive officer, Grattan Institute
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Senior Lecturer in Financial Planning, Deakin University
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Professor of Economics and National Senior Teaching Fellow, Griffith University
