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FED:'Missed opportunity': tax findings land as talks go on

Labor has been accused of missing a once-in-a-generation chance to help young Australians as the Greens continue to withhold key support for changes to negative gearing and the capital gains tax.

The final report of a snap two-day parliamentary inquiry into the government's contentious tax changes was handed down on Friday and the recommendations followed a familiar format.

The Labor-led committee said the legislation should be passed by the Senate.

The coalition, in a dissenting report, blasted the government for lying to the Australian people and called for the bill to be scrapped.

It wants tax cuts for workers to be extracted from the legislation and passed separately.

The Greens supported reining in tax breaks for investors but criticised the government for grandfathering the concessions.

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