Property geared to negative politics

Political reality means the government won't abolish negative gearing anytime soon. But the warm and fuzzy feeling of avoiding tax is causing macroeconomic distortions.

Robyn Tracey from the audience asked the prime minister a couple of questions on tax reform, including this one on negative gearing:

"Why hasn’t negative gearing been abolished despite recommendations from the Ken Henry tax review and leading economists in the country?"

It’s a great question.

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