CGT discount universally disliked and ripe for reform

Monday 10 August 2015

Fairfax’s Peter Martin has today questioned why the Abbott Government is dithering on reforming the 50% capital gains tax (CGT) discount when it is almost universally disliked:

How on earth did we come to be lumbered with a tax rule so bad it is disliked by the Treasury, the Reserve Bank, the Business Council, the Council of Social Service, the Organisation for Economic Co-operation and Development, and both of Tony Abbott’s most trusted business advisers?

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.