Warnings that looming tax reforms will worsen Australia's productivity malaise are overblown, financial experts say.
If anything, the reforms may boost productivity, senators heard as day one of a two-day snap inquiry into the tax changes began on Monday.
Under the changes, the 50 per cent discount for capital gains tax will be replaced with a rate tied to inflation and a 30 per cent minimum, while negative gearing will be limited to new houses only from July 2027.
