National housing campaign Everybody’s Home said pressure is mounting on the federal government to reform unfair investor tax breaks, as the union movement adds to growing national support.
The Australian Council of Trade Unions (ACTU) has today called for the winding back of negative gearing and the capital gains tax discount as the government prepares to hold its economic reform roundtable this month.
The union’s call adds to mounting pressure from politicians, economists, think tanks, housing advocates and other organisations and experts demanding housing tax reform.
Everybody’s Home spokesperson Maiy Azize said ending property investor tax concessions is good for housing affordability, wealth equality and productivity.
“The union movement is showing real leadership by calling for property tax breaks to be wound back. Workers across Australia are being priced out by investor breaks, so the union’s push for reform makes perfect sense,” Ms Azize said.
“These tax breaks most benefit those who don’t need it, while the majority of hardworking Australians pay the price. Billions of taxpayer dollars are lost every year to these tax breaks that are making housing more expensive for everyone – and making inequality worse








