Jim Chalmers urged to rein in tax breaks on capital gains, trusts and superannuation

Tax breaks for capital gains from property and shares, trusts and superannuation are too generous and should be dialled back to fund cuts to income tax to reward working-age people and improve the federal budget, tax experts have urged Treasurer Jim Chalmers in Canberra.

At a roundtable at Parliament House on Friday, economists homed in on the government’s overdependence on personal income tax generated from wages.

Loading…