Tax Reform and Loopholes

tax: Andrew Senator Zed Seselja is clearly scared about his job, so he's trying to scare Canberrans about tax reform, according to The Guardian. In a choice between tax loopholes & hospitals, the Libs choose loopholes every time. auspol 19, 2019 What are death duties Death duties more formally known as inheritance taxes are levied on the estates of dead people above a predefined tax-free threshold, prior to their distribution to the beneficiaries. Not that Labor or the Coalition is proposing them, but photoshopped fake tweets from Labor figures saying they will introduce them have been doing the rounds, and the Coalition is using the suggestion it its advertising, parading around trucks on whose side is printed Labor will tax you to death . At the risk of entering the political non debate, it's worth drawing attention to a substantial consensus among economists that they are something we need. It's a lie' Chris Bowen calls on Coalition to disavow claim Labor will bring in death tax Read more They have a long pedigree, being currently administered in 19 developed countries. We had them in Australia until the late 1970s, administered by both the commonwealth and state governments. The average rate among members of the Organisation of Economic Co-operation and Development is 15% but rates vary from 4% in Italy to 55% in Japan. (news.financializer.com). As reported in the news.