Capital gains tax discount ‘overwhelmingly’ benefits investors in Australia’s richest electorates, analysis shows

Chief executive of Acoss, who undertook the study, says ‘it’s clear this tax break funnels billions into the wealthiest parts of our country’ Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Investors who live in the wealthy electorate of Wentworth in Sydney’s eastern suburbs claimed about $1.8bn from the 50% capital gains tax di