Change is in the air. With the Abbottalypse gone, and with it the ‘captain’s calls’ not to reform Australia’s giant and inequitable tax concessions, we have received the biggest indication yet that the holy trinity of superannuation concessions, the capital gains tax (CGT) discount, and negative gearing might finally be reformed.
Yesterday, Prime Minister Malcolm Turnbull convened a mini summit with 12 sectoral representatives from the unions, employer groups, and welfare organisations in a bid to nut-out a pathway for reform.
