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Australia’s capital gains tax reform faces growing calls, with critics urging replacement of the 1999 50% discount to reduce inequality and housing inflation.
Treasurer Jim Chalmers faces mounting pressure to reform Australia’s capital gains tax, with critics including the e61 Institute, NSW government, and advocacy groups arguing a 1999 policy granting a 50% discount on long-held assets has worsened inequality and inflated housing prices.
They say the current system, which taxes gains without adjusting for inflation, unfairly benefits wealthier investors.
The e61 Institute recommends replacing the discount with a method that spreads tax liability over an asset’s life, better reflecting real economic gains and promoting fairness.
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La reforma del impuesto a las ganancias de capital de Australia se enfrenta a crecientes demandas, con críticos que instan a la sustitución del descuento del 50% de 1999 para reducir la desigualdad y la inflación de la vivienda.