Abstract
This article proposes the abolition of the 50 capital gains tax (CGT) discount for personal taxpayers and its replacement with a non-cumulative annual tax-free threshold for the taxation of capital gains. This reform, it is argued, would considerably enhance the equity, efficiency and simplicity of the Australian CGT regime, as well as providing a positive revenue outcome for the Treasury.
| Original language | English |
|---|---|
| Pages (from-to) | 735 - 761 |
| Number of pages | 27 |
| Journal | Australian Tax Forum |
| Volume | 30 |
| Issue number | 4 |
| Publication status | Published - 2015 |