Submission to Parliamentary Inquiry into Tax Deductions
The Property Council comments on the Committee’s review of the personal and company income tax system.
We understand from the Inquiry’s terms of reference that the Committee’s review is particularly focused on whether the base of these taxes can be broadened in order to fund reductions in marginal rates.
The Property Council supports the Government's push to reform Australia’s federal and state taxes.
However, the property industry does not support any narrowing of interest deductibility for businesses and individuals.
Download the submission below.