Speaking at a Senate committee hearing on capital gains tax, Bernie Fraser stated that if it were up to him, he would scrap the discount entirely. The former central bank governor emphasized that younger Australians are expressing dismay over the unaffordable housing market, which he partly attributes to tax advantages for property investors.
Ex-RBA Boss Calls for Capital Gains Tax Scrap
Former RBA governor Bernie Fraser has called for the capital gains tax discount to be abolished, warning younger Australians are watching the unaffordable housing market with dismay.