Submitted by Graeme on Tue, 2023-09-12 18:37

I am disappointed by this appointment. Ms Wood has a lot of ideas about raising taxes and increasing middle-class welfare for her preferred beneficiaries but I have not read one word suggesting an interest in productivity. Her views seem closely aligned with ALP policy. I see the Productivity Commission as of an independent mind, prepared to speak truth to power. Ms Wood seems less likely to push back against lousy Labor policy. I expect this will be at a cost to Labor and Chalmers.

FWIW I see no case in equity for an inheritance tax, likely to be a tax on the middle class, but wouldn't object to a review of the 50% CGT discount so long as the change does not make as uncompetitive internationally. I agree superannuation should not be tax-free in pension paying mode.

The content of this field is kept private and will not be shown publicly.
 

MARKET INSIGHTS

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

JOHN GILLIES

Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...

8 hours 45 minutes ago
So happy to hear this

It couldn't happen to a more worthy organisation - good luck to the heroes coming to clean the place up!...

9 hours 29 minutes ago
Toni Watson

Yes used the money that should have been invested as if it was his own. Thought he was invincible but the house of cards...

10 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 4 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 1 week ago