Weekend house auction results and the official taxation data reveal the arguments from outraged conservatives are hollow
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Has a policy ever worked as quickly as the changes to the capital gains tax (CGT) discount? It hasn’t even become law yet and already it is having an impact despite conservatives loudly telling everyone the discount was not the cause of the housing affordability crisis.
Last week in my role as chief economist for the Australia Institute, I appeared before the Senate committee into the tax changes.