5 years ago
LABOR’S NEGATIVE GEARING POLICIES
CHRIS BOWEN MP
New analysis today again demonstrates that Josh Frydenberg’s scare tactics aren’t deterring independent experts from pointing out Labor’s changes to negative gearing and capital gains are well founded.
Analysis released by KPMG today in a new housing report commenting on Labor’s changes to negative gearing and capital gains policies states:
“From an investment perspective, it would seem these policies are unlikely to distort the investment mix decision based on existing settings (ie property versus shares or other assets)”
“Overall, the policies proposed are sound”
This analysis comes on the back of research earlier this week conducted by global bank Citi which concluded Labor’s policies would likely have a “relatively muted impact” given Labor’s responsible grandfathering arrangements.
This is yet further evidence that Josh Frydenberg is out of his depth when it comes to commenting on economic matters preferring to rely on mistruths and the views of vested interests rather than credible analysis by independent experts.
There’s no surer sign of a flailing government when its chief economic spokesperson has nothing to say except spend every minute of every day talking about Labor and not about the slowing economy or wages growth.
The Australian people know what whenever Josh Frydenberg talks about Labor’s policies he is really just trying to divert attention away from the fact he's fast losing control of the current credit crunch facing households and small businesses and has no positive economic plans of his own for the Australian economy.
Reforming negative gearing and the capital gains tax discount will improve housing affordability, help with Budget repair, and importantly improve financial stability.
Analysis released by KPMG today in a new housing report commenting on Labor’s changes to negative gearing and capital gains policies states:
“From an investment perspective, it would seem these policies are unlikely to distort the investment mix decision based on existing settings (ie property versus shares or other assets)”
“Overall, the policies proposed are sound”
This analysis comes on the back of research earlier this week conducted by global bank Citi which concluded Labor’s policies would likely have a “relatively muted impact” given Labor’s responsible grandfathering arrangements.
This is yet further evidence that Josh Frydenberg is out of his depth when it comes to commenting on economic matters preferring to rely on mistruths and the views of vested interests rather than credible analysis by independent experts.
There’s no surer sign of a flailing government when its chief economic spokesperson has nothing to say except spend every minute of every day talking about Labor and not about the slowing economy or wages growth.
The Australian people know what whenever Josh Frydenberg talks about Labor’s policies he is really just trying to divert attention away from the fact he's fast losing control of the current credit crunch facing households and small businesses and has no positive economic plans of his own for the Australian economy.
Reforming negative gearing and the capital gains tax discount will improve housing affordability, help with Budget repair, and importantly improve financial stability.