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Australia’s unions push to halve capital gains tax discount, citing inequality and housing costs.
Australia’s peak union body, the Australian Council of Trade Unions, is urging the federal government to cut the capital gains tax discount from 50% to 25%, saying the current policy, introduced in 1999, has failed to boost competitiveness or efficiency and instead benefits wealthier investors.
As a government inquiry begins hearings, union leaders and economists will testify on the tax break’s impact, with concerns it worsens inequality and housing affordability.
The review will assess whether reforms are needed to create a fairer system.
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Los sindicatos de Australia presionan para reducir a la mitad el descuento fiscal sobre ganancias de capital, citando la desigualdad y los costos de la vivienda.