ACOSS backs calls to act on negative gearing, scrap tax loopholes
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The peak body for social services in Australia has made it’s submission to the Federal Budget, calling on the Federal Government to ensure it provides the essential services the community needs and values. The Australian Council of Social Service has proposed scrapping negative gearing, stamp duty and other tax benefits for high income earners, which it says could save the budget bottom line $9.5 billion. But the Property Council of Australia says “cherry picking” specific taxes isn’t the answer.
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