Mark Zuckerberg and Priscilla Chan are giving billions to charity through their donor-advised fund instead of a traditional foundation.
Jeff Chiu/AP Photo
As these tax-exempt vehicles transform philanthropy, they’re drawing more scrutiny. Will Congress or the Trump administration tinker with the rules that encouraged their rapid growth?
Many of the economists argued that the principle of the CGT discount is not a bad policy, however the level of the discount is generous and is open for abuse.
Lukas Coch/AAP
The Economics Society of Australia (ESA) Monash Forum polled economists on whether capital gains tax deductions for housing investment should be removed.
Assets held until the retirement phase in super, can then be sold with no, or minimal, capital gains tax payable.
www.shutterstock.com
In his 2017/18 budget speech, South Africa’s finance minister Pravin Gordhan opted to focus on taxing high income earners to find desperately needed money.
Opposition Leader Bill Shorten said that Australia spends more at a Commonwealth level on negative gearing and capital gains tax discounts than it does on child care or higher education. Is he right?
The RBA noted in 2003 that housing was a potential source of risk for the economy.
Dan Peled/AAP
Prime Minister Malcolm Turnbull has warned that Labor’s negative gearing policy would deliver “massive shocks” to the residential housing market and drive all investors away. Does that claim stack up?
Malcolm Turnbull in Question Time appeared to rule out any changes to capital gains tax, before correcting.
Mick Tsikas/AAP
Malcolm Turnbull has not totally removed changes to capital gains tax from the options on the tax table – despite appearing to do so in Question Time.
Labor’s Chris Bowen and Bill Shorten announced plans for new tax rules, and the government, even as it attacked their plan, has also opened the door to changes to negative gearing.
AAP/Gemma Najen
The problem is there are already too many buyers willing to pay high prices, and negative gearing is designed to create more buyers willing to pay more.
While a major tax switch is now not on, Scott Morrison is still heavily focused on the challenge of bracket creep.
Mick Tsikas/AAP
Fairfax-Ipsos’ first poll of 2016 has the government ahead 52-48% on the two-party vote and Malcolm Turnbull leading Bill Shorten 64-19% as preferred prime minister. While the numbers for the Coalition…
Bill Shorten announced a number of tax reform initiatives at the NSW Labor conference.
Gemma Najem/AAP
Bill Shorten has unveiled tax changes that will tighten negative gearing and capital gains tax provisions, saving $565 million over the forward estimates and $32.1 billion over a decade.
Charging capital gains tax on sales of the family home won’t fly.
Flick/freeparking :-|
The issue of how to measure capital gains in “real terms” - that is, over the years they arose, rather than over a financial year, is at the heart of capital gains reform.
Rethinking tax is harder than it looks.
Tracey Nearmy/AAP