Despite her celebrity status,outgoing New Zealand Prime Minister Jacinda Ardern failed to resolve the country’s housing crisis.
Jane Turner,60,was made redundant from a secure well-paid job eight years ago,which meant her financial deck of cards quickly came tumbling down.
Any tax savings you make from your investment decisions should be considered the cream on the cake.
That long-established desire to have a negatively geared asset to create a tax deduction to reduce taxable income is not always the best option.
In a speech on the housing crisis,leading economist Bernard Coates said:“The people who might live in new housing – were it to be built – don’t get a say.”
They’re progressive,climate conscious and care about housing affordability - but they’re not wedded to a political team.
The federal budget could miss out on billions in revenue in coming years and economists have called for reforms to bring Australia’s housing tax policy into line with international standards.
Independent analysis by the Parliamentary Budget Office found 57 per cent of negative gearing deductions go to the top 20 per cent of income earners.
When it comes to housing,no Australians should be forgotten. However,the absence of a genuine reform agenda from either of the major parties short-changes us all.
With record-low interest rates and reasonably high property investment yields,negative gearing is all but impossible.
Social services groups are urging the federal government to cut generous tax breaks for wealthy earners and increase support for low-income households in a bid to boost spending activity and economic growth.