Tax Reform at Last?

23 February 2026

At last, a significant financial commentator has stated the need for major tax reform to improve inter-generational equity.

Death duties are a major way to achieve this. Stopping negative gearing, abolishing the Howard discount of capital gains tax, and taxing static wealth, so that the family home cannot be a tax haven, no matter how huge it is.

Whether Prime Minister Albanese has the balls to do any of it is the question, and whether Tim Wilson, Liberal Opposition Treasurer who says he is for inter-generational equity will support a bipartisan approach rather than opposing all tax cuts is even more uncertain.