http://mobile.news.com.au/finance/e...ve-gearing-myths/story-e6frflo9-1227308007798
"Sinclair Davidson, Professor of Institutional Economics at RMIT University, described the public debate around negative gearing as “a complete load of rubbish”. The term itself is an Australianism, so the whole notion of having to explain negative gearing to foreigners falls into the same category as having to explain slang terms to foreigners, he argues. “ACOSS and other people who don’t actually pay tax themselves don’t understand much about the tax system and so they think it’s being rorted,” Professor Davidson said. “People like ACOSS, UnitingCare and Anglicare, they have an incentive for the government to take in more tax revenue because they want to spend more money. They are going for a tax grab. “I suspect a lot of journalists don’t understand business and taxation, which is probably slightly unfair and a sad thing to say, but unfortunately too many journalists are a little sucked in by salacious arguments about tax rorts.”
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