Controversial changes to capital gains tax concessions and negative gearing will be introduced to parliament despite warnings they will worsen Australia's productivity problem.
The proposals to rein in investor tax breaks will be bundled up alongside a $250 a year tax rebate for workers and a $1000 standard tax deduction in a single bill that Treasurer Jim Chalmers will submit to the House of Representatives on Thursday.
The treasurer has said the changes will help level the playing field for many young Australians who have been locked out of the housing market by a system that taxes income earned from labour at a higher rate than income derived from investments.
