Capital gains tax discount to cost Australia $250bn over next decade with retirees and high-income earners to benefit most
Parliamentary Budget Office figures show top 1% of taxpayers will receive nearly 60% of the benefit this financial yearFollow our Australia news live blog for latest updatesGet our breaking news...
By Tom McIlroy political editor · The Guardian World
Parliamentary Budget Office figures show top 1% of taxpayers will receive nearly 60% of the benefit this financial year Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Australia’s capital gains tax discount will cost nearly $250bn over the next decade, more than twice as much as the concession has cost in its entire 25-year history. Continue reading...