Labor axes changes to negative gearing, capital gains tax
Phillip CooreyPolitical editor
Updated
Federal Labor has ended a six-year pursuit of policies aimed at curbing negative gearing and capital gains tax deductions for investors, as it seeks to minimise avenues of attack ahead of the next election.
As revealed by The Australian Financial Review, separate meetings of the shadow cabinet and caucus also resolved on Monday to leave alone the already-legislated stage three income tax cuts if Labor wins the election.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
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