Tax shelters for the wealthy will be the likely trade-offs in any tax reform package that alters the GST or reduces the corporate tax rate.
The AFR Tax Reform Summit heard generous super concessions are Australia's greatest tax lurk, while negative gearing should be limited to new properties and the capital gains tax discount trimmed to 25 per cent.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
