Greens pledge to scrap capital gains tax discount and raise $119.5bn in decade

Labor’s plan to halve capital gains tax discount would generate just $32.1bn over decade, but both parties say their policies will slow increase in housing prices..

The Greens have announced the detail of a plan to phase out capital gains tax discount over five years, raising much more revenue than Labor’s plan to halve it.

Investors now get a 50% discount on the tax they pay on capital gains when…

Source: Greens pledge to scrap capital gains tax discount and raise $119.5bn in decade | Australia news | The Guardian