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'We can't tax our way out': HIA

Increasing capital gains tax (CGT) will hit state revenue, renters and first home buyers by pushing investors out, the Housing Industry Association has said.

'We can't tax our way out': HIA
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“According to research released today, an increase in capital gains tax would result in a $1 billion reduction in revenue to state governments, increase the cost of renting and exacerbate the housing affordability challenge,” said Tim Reardon, HIA’s principal economist.

Read the full article on Nest Egg.

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