Australian landlords pay $1 billion less tax per year than the Tax Office believes they should, with almost all of the ‘errors’ in their favour.
Adjusting tax brackets in line with inflation would ensure voters who wanted more government spending would also have to vote for more tax.
High income families could get up to $1,080 per year, others $618, but it could still be worthwhile.
UNSW’s Dale Boccabella says it is time to start a debate over the desired tax status of homes.
Public confidence will be shaken if it becomes acceptable for governments to jack up taxes because they don’t approve of previous policies, writes Richard Holden.
Abolishing the sacred cow of negative gearing is considered by governments of all persuasions to be electorally unpalatable. But that doesn't mean changes aren't afoot, writes Dale Boccabella.