Home » Peter Tulip’s media comments on CGT and the RBA
Peter Tulip, chief economist at the Centre for Independent Studies and a former RBA official, said winding back tax concessions – including capital gains tax and negative gearing – would have a “tiny” impact on house prices.
“There have been several good studies of the effect of the tax concessions on house prices and they all find that the effect is tiny,” Dr Tulip said.
“And that’s the effect on prices. It has the opposite effect on rents. If you tax landlords, we’ll have fewer landlords and that means higher rents.”
“The RBA wimps out. It’s scared to do its job,” declared Peter Tulip, the chief economist at the Centre for Independence Studies.
Last October, speaking at the annual Consilium hosted by the Centre for Independent Studies on the Gold Coast, Andrew Neil delivered what may come to be regarded as one of the clearest diagnoses yet of why centre-rigth parties across the Western world are splintering.
Peter Tulip’s media comments on CGT and the RBA