Liberal MP says people inheriting money ‘aren’t paying tax’
John KehoeEconomics editor
Updated
Federal Liberal politician Jason Falinski says workers and entrepreneurs are paying “punitive” taxes on their incomes, while inheritance and other “lazy” income is often tax-free.
Mr Falinski, chairman of the House of Representatives economics committee, was one of several Liberal and Labor figures to endorse a renewed push by business and policy leaders for politicians to commit to fix the outdated tax system to lift real wages, investment and productivity.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
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