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Treasurer pressed on capital gains tax as data shows benefits flow to wealthiest
Insiders host David Speers is quizzing the treasurer, Jim Chalmers, on capital gains tax – official figures show the top 1% of taxpayers will receive nearly 60% of the benefit this financial year. Chalmers said:
When we consider next steps in tax reform, obviously, issues around intergenerational equity are front and centre … I know that there are intergenerational issues in housing and in tax. We have got a big agenda to deal with those issues already.
I’m looking to introduce the better target superannuation concessions bill on Wednesday if I can, certainly this week, and that bill is all about making the superannuation system fairer from top to bottom.