Financial firm Bongiorno and Partners approached shadow treasurer Chris Bowen to express concerns before report writtenLabor has rubbished reports it was briefed about modelling that showed changes to negative gearing would possess a detrimental impact on investment and the economy, saying the commissioners of the report had a vested interest.
The Coalition seized on the BIS Shrapnel report when it was released in March. It used modelling to present that changing the existing policy of negative gearing would see a $19bn hit to the economy and would cause rents to jump.
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Source: theguardian.com