Labor drew up a comprehensive suite of tax measures, including increasing taxes on cigarettes, multinational firms, superannuation and investment housing.
So according to a “senior economics writer for Fairfax Media”, a “comprehensive suite” of tax measures is:
Increaing the excise on one product;
Make a change to thin capitalisation safe harbours;
Reduce a threshhold from $300k to $250k (Division 293 tax);
Only allow $75k a year to come out of super tax free each year;
Changing a rate of a concession from 50% to 25% (CGT discount); and
Limiting debt deductions that salary and wage earners can use (negative gearing).
Go have a read of the Henry Review and compare a “comprehensive suite” of tax changes to this list.
I have to stop reading Fairfax on tax…