Treasurer seized on BIS Shrapnel report to attack opposition’s negative gearing plan,but company says report ‘wasn’t directed at any specific policy’An attack on Labor’s negative gearing policy has gone awry for the federal government, after the author of a damning report into the economic impacts of limiting the tax wreck admitted that his research was not based on Labors proposals.
The treasurer, and Scott Morrison,has seized on the BIS Shrapnel report, which says that limiting negative gearing would be a $19bn hit to Australia’s budget, and cause rents to increase by 10% and current housing developments to fall by 4%.
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Source: theguardian.com