Taxation of labour and capital
ACT Labor thanks National Policy Forum delegate Gabriel Steger for his work bringing forward priorities of the Branch, including a commitment to balancing taxation of labour and capital income.
ACT Labor calls on the ACT Government to explore approaches to revenue from local capital income, which can be large in the ACT.
Further, ACT Labor calls on the ACT Government and the federal Labor Government to expedite reviews and reform to address this, and also to address parity of taxation of different forms of income, noting the lower taxation of capital gains compared with other sources like interest income, often relied on by low-income retirees and those saving for their first home.