Deloitte warns grandfathered capital gains tax cuts budget reform plans

Deloitte says limiting capital gains tax changes to new investments would "severely delay" budget reforms needed to fix Australia's "structurally flawed" finances. Grandfathering existing investments would generate only $500 million over four years, versus $18.8 billion if applied to all investors over three years. The additional revenue could fund income tax cuts or raise the tax-free threshold to $35,000.

Summary by Glance · The Guardian Australia – News