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‘Significant trouble’ – Former CBA boss warns of economic spiral over debt and tax shifts

Michael McLaren
Article image for ‘Significant trouble’ – Former CBA boss warns of economic spiral over debt and tax shifts

As Treasury weighs consequential changes to negative gearing and capital gains tax, former CBA boss David Murray warns that Australia’s rising debt trajectory and inefficient public spending are creating a productivity “growth limit” that could lead to a financial crisis.

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Image Credit: Michael Spilotro / IMF

Michael McLaren
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