Episode Details

Deloittes report challenges the idea of limiting capital gains tax changes and negative gearing tweaks to new investments, suggesting that grandfathering existing ones would delay budget fixes. Phasing in changes for all investors could fund real tax relief for workers, such as a one percentage point drop in the lowest marginal rate or doubling the tax-free threshold. Treasurer Jim Chalmers warns of slow revenue, proposing transitional rules to honor past investment choices. Deloitte predicts smaller deficits due to high commodity prices and NDIS reforms, but warns of deep budget cracks. The governments use of extra cash for productivity-boosting tax overhauls or other initiatives remains a key issue.

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