Will the lunatic Greens scuttle sensible property tax reform?
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The Albanese government has signalled that it will scale back the capital gains tax (CGT) discount in the May budget, most likely from 50% to 33% or 25%.
It has also signalled that it will limit the number of investment properties that an individual can negatively gear.
However, Greens senator Nick McKim says the 50% CGT discount introduced under the Howard government should be:
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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.