The Wrap: After a decades-long fight, housing tax reform becomes reality
The government’s changes to negative gearing and capital gains tax passed the parliament last week. This is a big moment in the fight to make housing more affordable.
Australia is a low tax country. If we were to collect the average amount of tax collected by OECD countries then this year, we would have to collect more than an extra $100 billion. Per year.
Thu 1 Feb 2024 15.00 AEDT
“Australia is a low tax country. If we were to collect the average amount of tax collected by OECD countries then this year, we would have to collect more than an extra $100 billion. Per year.”
On Wednesday, 31 January 2024, Executive Director at the Australia Institute Richard Denniss and Allegra Spender MP addressed the National Press Club for a debate on the Stage 3 tax reforms.
The government’s changes to negative gearing and capital gains tax passed the parliament last week. This is a big moment in the fight to make housing more affordable.
The gender pay gap starts early. Research suggests there are even differences in the amount of pocket money girls and boys receive from their parents. The gender gap in superannuation also starts young – girls under the age of 18 have, on average, barely more than half of the super that boys the same age have, despite being more likely to be engaged in paid work.
Faced with the prospect of being forced to supply gas to Australians instead of exporting it under the Government’s proposed gas reservation policy, the Big Gas exporters who have spent the last decade whipping up fear of a gas shortage now say supplying more gas will mean the Australian gas market is oversupplied.
