From the AFR:
Leading economist Saul Eslake will take a swipe at tax lurks for the rich saying there is little public policy justification for the 50 per cent capital gains tax discount, negative gearing or the use of trusts to minimise tax.
He will tell The Australian Financial Review ‘s tax reform summit summit on Tuesday that the change of prime minister provides an opportunity to re-engage in a genuine debate about reform, but lifting the GST without closing loopholes that disproportionately benefit the wealthy won’t wash with the community.
YES. What Saul does not say is that this is also the heart of the politico-housing complex that is devouring the productive economy.
