Social Sciences
4 years ago

Abolishing Capital Gains Tax Discount in Australia for Fairer Taxation

Australian Tax Forum
Taxing personal capital gains in Australia: An alternative way forward
Chris Evans, John Minas, Youngdeok Lim

Paper Summary

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The article suggests getting rid of the 50% capital gains tax discount for individuals in Australia and replacing it with a yearly tax-free threshold for capital gains. This change is believed to make the tax system fairer, more efficient, and simpler. It is also expected to bring in more money for the government.