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Momentum is slowly building for Australia to follow other advanced nations and implement a modest inheritance tax.
Over recent months, multiple media reports have emerged supporting the idea.
The latest salvo comes from a new paper published by the Tax Institute, which raises the option of a 5% inheritance tax on amounts over $2.5 million:
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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.