A FAIRER TAX SYSTEM
Labor’s economic plan is about supporting middle and working class families and small business: the engine room of our economy.
Labor will reform negative gearing and halve the Capital Gains Tax discount, a policy that will help level the playing field for first home buyers competing.
Labor will deliver tax relief for small businesses with a turnover of less than $2 million per year. Labor will shut down loopholes that allow big multinational companies to send profits overseas, ensuring they pay their fair share of tax just like everyone else.
When middle and working class families prosper, when small businesses prosper, Australia prospers.