ACOSS Blasts Tax System: Wealthy, Men Benefit, Public Services Suffer
Update: 2025-12-23
Description
ACOSS reveals Australias tax system is unfair, favoring wealthiest households and men, with key issues including capital gains tax discount, superannuation breaks, and negative gearing. These perks exacerbate inequality, with top 10% households reaping majority of benefits. Men receive $15B more in tax breaks than women annually. ACOSS proposes reforms like halving capital gains discount, ending negative gearing for new properties, and imposing levies on high super balances to address these issues and fund essential services.
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