Labor\u2019s proposed changes to the capital gains tax and negative gearing will be examined at a Senate inquiry, giving the Bill the scrutiny it deserves.<\/p>\n\n\n\n
Because the legislation has provisions that are due to commence July 1 this year, it has been automatically referred to the Senate Economics Legislation Committee, with a report due by June 22.<\/p>\n\n\n\n
This process may inform the shape of the bill to be considered by the Senate.
Comments attributable to Greens Economic Justice Spokesperson Senator Nick McKim:
\u201cWe will use this inquiry to examine how and why Labor decided to leave in place the vast majority of tax handouts for the ultra wealthy.\u201d<\/p>\n\n\n\n
\u201cAs with so many parts of Labor\u2019s budget, this bill is a missed opportunity to finally put people ahead of profits and make the ultra-wealthy pay their fair share.
\u201cLabor\u2019s extremely generous grandparenting provisions have left so much money on the table.\u201d
Comments attributable to Greens Leader Senator Larissa Waters:
\u201cThese are very significant changes to our tax system, and will go through the inquiry process to ensure they get the scrutiny they need.<\/p>\n\n\n\n
\u201cWe are hearing countless young people and first homebuyers express their frustration that Labor is letting wealthy property investors keep billions in handouts – an inquiry will help examine the consequences of Labor\u2019s decision on grandfathering.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Labor\u2019s proposed changes to the capital gains tax and negative gearing will be examined at a Senate inquiry, giving the Bill the scrutiny it deserves. Because the legislation has provisions that are due to commence July 1 this year, it has been automatically referred to the Senate Economics Legislation Committee, with a report due by … Continue reading “Labor\u2019s tax changes to face Senate inquiry”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-39174","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/39174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=39174"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/39174\/revisions"}],"predecessor-version":[{"id":39175,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/39174\/revisions\/39175"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=39174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=39174"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=39174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}