ACOSS and UNSW Sydney will hold a press conference at 10am to release a new report showing poverty rates increasing to 1 in 7 people.
WHEN: 10am
WHERE: Mural Hall, Parliament House
WHO: ACOSS CEO Cassandra Goldie AO and Dr Yuvisthi Naidoo, Senior Research Fellow at UNSW’s Social Policy Research Centre
Lauren Ferri 0422 581 506
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A Senate inquiry report released today has added fresh momentum to calls for reform of the capital gains tax (CGT) discount, said Oxfam Australia, amid growing evidence the policy disproportionately benefits wealthy investors and worsens inequality. The inquiry’s findings reflect long-standing concerns that the tax system is allowing large concessions on investment income while many Australians face rising living costs and housing pressures. It also found that the benefits of the capital gains tax discount are unequally distributed, with implications for income and wealth inequality and intergenerational inequality. Oxfam Australia Chief ExecutiveJennifer Tierney said thereport should promptserious considerationof reforms to…
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