The biggest and best tax reforms in 25 years just passed the Parliament.
In fact, you would have to go back way before the noughties to find tax reforms that will make Australia fairer than Labor’s reforms passed this week with the support of the Greens and David Pocock in the Senate.
Most tax reforms passed in the last 25 years have been either tweaks, regressive (penalising poorer people or helping the rich), or have been repealed. More on that later.
Labor’s tax reforms are progressive, and the most talked about reforms are the ones that will affect housing. Finance journalist Alan Kohler neatly summarised Australia’s housing crisis this way: “It’s no longer possible for somebody who doesn’t have reasonably wealthy parents to buy a house. It’s as simple as that. And it’s a fundamental change to Australian society.”
That’s the problem Labor is targeting with these reforms.





