Australian budget Australian Economy Australian Politics

A rich Alan Kohler bewails Labor’s tax reform agenda

Monday, 3 September 2018

If the Labor Party wins the next election — which it definitely would if it wasn’t for the contents of this column, which make a Labor victory less certain — Bill Shorten and Chris Bowen will bring about one of the biggest tax reforms this country has even seen, possibly the biggest.

…The market may not crash, at least not any more than it would have anyway, but the negative impact on the resale value of houses and flats will ensure that the property downturn lasts much longer than it would have.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.