Who’s afraid of changes to the Capital Gains Tax discount?

A notable feature of last week Senate investigation The finding of the Capital Gains Tax (CGT) cut – a Green-led inquiry that conveniently emerged as Labor debated whether to drop the cut in the May budget – was that most of the heavy hitters agreed with the fact that it should be cut.

There was no clear consensus on how to do it more The 50% deduction on taxable gains from investments should be reduced (Treasury’s “preferred option” 33%, the government is considering reducing this only for housing investments).