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Topic This year in Australia there will be a federal election, and tax reform is

Topic This year in Australia there will be a federal election, and tax reform is again a topic of debate. Prior to the last federal election, the Leader of the Opposition, the Honorable Bill Shorten MP, released an election policy on negative gearing and capital gains concessions as they relate to the housing market. An updated version(the Policy) is being taken to this year’s federal election. Required 1) Identify and explain the key areas of the Policy. How has it been updated since the last federal election? What are the changes, if any?(40 marks) 2) Identify key attributes of a good tax system. Explain why you think these are key attributes.(20 marks) 3) EvaluatewhetherthePolicyexhibittheattributesofagoodtaxsystem,giving detailed reasons in your response.(40 marks) In your response you must include an explanation of negative gearing and the existing treatment of capital gains as they relate to property investors–referring to sections of legislation, tax rulings and cases where relevant. You must also identify and discuss key attributes of a good tax system. please get to me _+61 451032009

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