Policy Analysis-Explanation on Reform of Negative Asset-Liability Ratio (1)
Foreword Although the negative asset-liability ratio is widely described as “tax torture for wealthy investors,” it is not a tax concession (tax relief, not tax exemption or refund). However, as the Financial System Consulting’s Murray Report concludes, this does encourage over-investment and over-leveraging in the Australian housing market. Therefore, although not the only reason for…