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baxtermcfaxter

6,204 Posts.

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20/04/15

10:52

Post #: 15117717
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Originally posted by Dave R ↑

There were no disastrous results but the attack from those who had lost their pet tax avoidance scheme overwhelmed the government. Negative gearing and capital gains tax concessions do not exist in most countries, in fact Australia is unusual in having such things. Removing them would not harm the nation at all.
Dave R.

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NZ do not have capital gain tax for an example
I saw with my own eyes the disastrous effect the dropping of negative gearing had in Adelaide ....why did
keating re-introduce it then ???
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