The Albanese government’s introduction of a minimum 30 per cent tax on capital gains and discretionary trusts has, by stealth, introduced a bastardised version of a Nordic-style dual–income tax system in Australia.Income from capital and labour will be taxed somewhat differently, despite the government’s claim they will be taxed more similarly.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Why a flat 30pc tax on capital should be the maximum, not minimum
A future conservative government should consider adopting a proper dual-income system, with a flat maximum rate on all capital and savings income.
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