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Hidden agendas of the few stopping dreams of the many
A “cartel” of vested interests is hindering crucial tax reforms which could help free up more homes, a former boss of the Reserve Bank says. Bernie Fraser, the only person in Australian history to have served as both RBA governor and Treasury secretary, said tax concessions for property investors should be scrapped to boost housing supply. He argued the current capital gains tax discount, which applies to properties owned by an investor for at least a year, exacerbates inequality by rewarding the top end of town. “House ownership is a very profitable investment oppo
