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Australian economist Ken Henry calls for overhauling housing-related tax breaks, proposing a flat 25% tax on investment income to improve fairness and affordability.
Australian economist Ken Henry, former Treasury secretary and architect of the 2010 tax review, has criticized the country's tax system, calling housing-related tax breaks the "dumbest option" and urging a major overhaul.
He proposed replacing complex investment tax concessions with a uniform 25% tax on all investment income, arguing it would simplify the system, reduce distortions favoring property investment, and improve fairness.
His comments highlight concerns over tax policy's role in exacerbating housing affordability and wealth inequality, though no implementation details were provided.
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El economista australiano Ken Henry pide la revisión de las exenciones fiscales relacionadas con la vivienda, proponiendo un impuesto fijo del 25% sobre los ingresos por inversiones para mejorar la equidad y la asequibilidad.