Published: May 13, 2019
ANU analysis finds ‘the top 20% account for around 70% of the fiscal impact’ of Labor policies
A new analysis of Labor’s tax policies says the proposed overhaul of franking credits, changes to negative gearing, trusts and capital gains tax if Bill Shorten wins the election on 18 May will have a negligible impact on the bottom 50% of households in Australia measured by income and wealth.
While the Morrison government has played up the negative impact of revenue measures, particularly franking credits, on self-funded retirees with modest incomes, the distributional analysis of Labor’s tax measures by the Australian National University’s Centre for Social Research and Methods says that’s largely bunkum.
Continue reading...from The Guardian http://bit.ly/2VlOLm2
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