Treasurer Jim Chalmers could raise $19 billion per year in extra revenue by reducing tax breaks for property investors, retirees and families with trusts, but economists are urging Labor to funnel any extra money into tax cuts for younger workers.
Chalmers last week raised expectations the government would consider a series of contentious revenue measures targeting wealthier and older people after citing “intergenerational equity” as one of the principles that would underpin any future tax changes.
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