Labor’s shock tax overhaul passes first hurdle

Labor’s shock tax overhaul passes first hurdle | 9 News Australia

The Australian Federal Government’s highly controversial changes to negative gearing and capital gains taxes have successfully cleared their first legislative hurdle. The comprehensive budget bill sailed smoothly through the Lower House of Parliament on the final sitting day of the week, marking an initial victory for the ruling Labor party as they attempt to restructure national housing wealth metrics. Credit to: 9 News Australia

 

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