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That's eerily similar to what's happening in Australia - our opposition (which will probably become the Government in the next election because the current one
by stephen_g 9y ago
That's eerily similar to what's happening in Australia - our opposition (which will probably become the Government in the next election because the current one is polling terribly) has announced some measures to close off some tax loopholes around family trusts and property speculation (negative gearing of residential property combined with the capital gains tax discount). The measures are well thought out and I believe have even been recommended by multiple independent reviews of our tax system.
But the current Government and part of the media are attacking it on emotional grounds, like talking about how removing tax dodges that mostly only benefit the highest income earners is an attack on something used by "nurses and teachers trying to get ahead"...