Treasurer Jim Chalmers has addressed questions over whether the Albanese government commissioned Treasury to assess negative gearing reform.
Treasurer Jim Chalmers has addressed questions over whether the Albanese government commissioned Treasury to assess negative gearing reform.
Mr Chalmers reiterated during a media conference on Thursday that Labor is “not proposing any changes” to negative gearing amid controversy over whether the government commissioned modelling on reform to the policy. “You know that there’s a tax expenditure statement, and so the Treasury provides advice to us in the context of the tax expenditure statement when it comes to negative gearing and some of these associated issues, and so it should be normal practice ... we didn’t commission modelling,” he said.
“The view from the Treasury is that a change to negative gearing wouldn’t get the sort of improvement that we desperately need to see in our economy when it comes to supply, and that’s why our focus is not on changing that. “We’re not proposing any changes in this area. We’ve got a housing policy; it’s not in it. We’ve got a tax policy to cut everyone’s income taxes; it’s not in our tax policy.”
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