Labor's CGT plan flawed but better than what we have, economists tell inquiry (opens original article in a new tab)

Economists acknowledge flaws in Labor's capital gains tax proposal but consider it an improvement over the current system, while business groups oppose it, citing negative impacts on investment and complexity.

• Economists say Labor's capital gains tax proposal has flaws but is better than the current system.
• Business groups oppose the proposal, fearing it will reduce investment and increase complexity.
• Progressive groups support the proposal, arguing it improves generational fairness and housing market equity.