Capital gains tax breaks in our sights

Original article by Matthew Cranston
The Australian – Page: 2 : 20-Jan-26

The Greens are looking to reduce the capital gains tax discount, with the party to hold a Senate inquiry into the tax this year. With figures from Treasury showing that the top one per cent of taxpayers get more than 54 per cent of the benefits from the capital gains tax discount, Greens senator Nick McKim says the best way to address intergenerational inequity is to wind back the discount. He says that the Greens "have the CGT discount in our sights", and that it intends to use the Senate inquiry to show "how grossly unfair it is".

CORPORATES
AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY

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