Former Treasury Secretary and chair of the Henry Tax Review, Ken Henry, has described the intergenerational injustice built into Australia’s tax system as an intentional “act of bastardry”.
Treasurer Jim Chalmers also seems convinced there is a problem that needs solving and has recently been using the phrase “intergenerational fairness” when talking about the government’s plans for tax reform in the upcoming May budget.
This week, a Senate inquiry into the operation of the capital gains tax (CGT) discount handed down its final report.
