Deloitte Slams Grandfathering, Pushes Tax Relief

About this episode

Deloitte's report critiques grandfathering in tax policy, advocating for broader changes to fund tax relief for workers.

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. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/3089095897a34870

Topics covered

• capital gains tax
• negative gearing
• tax relief
• budget
• commodity prices
• NDIS reforms

Keywords

• Deloitte
• capital gains tax
• negative gearing
• tax relief
• budget deficits
• Jim Chalmers
• commodity prices

Sponsors

Solipillow

Mentioned in this episode

Organizations: Deloitte

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