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Capital gains tax by electorate

May 20, 2017

Capital gains tax by electorate

Matt Grudnoff, The Australia Institute (May 2017). New research from The Australia Institute has found that the Prime Minister’s electorate is the biggest reaps the greatest benefit from capital gains tax discount, by a large margin.

CGT discount expected to cost the budget $9.6 billion dollars this year (2016-17) $44 billion over the next four years. Historical data also shows that, in combination with negative gearing, CGT has contributed to Australia’s housing affordability crisis.