PolicyEconomyFederal budgetOpinionThe subtext of Chalmers’ budget? Cash out, don’t reinvestDividends are not inherently unproductive. The concern is a tax system that pushes too strongly toward payout even when reinvestment could generate future growth.Carole Comerton-FordeFinance expertThe federal government claims this budget will improve housing affordability, strengthen intergenerational fairness and lift productivity. These are the right objectives. Australia needs more productivity, deeper investment and more ways to build wealth outside housing.But the capital gains tax changes move us in the opposite direction.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In EconomyFetching latest articlesMost Viewed In Policy
The subtext of Chalmers’ budget? Cash out, don’t reinvest
Dividends are not inherently unproductive. The concern is a tax system that pushes too strongly toward payout even when reinvestment could generate future growth.
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