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at 1:00 pm on July 15, 2021 | 38 comments
The Australian’sJames Kirby believes that changing attitudes makes now an ideal time to implement an inheritance tax:
New academic work suggests Australians now have
“a surprisingly high level of support for wealth transfer taxation”.
“Most participants simply had no objection to wealth transfer taxation: Their support was based less on reasons why these taxes should exist than a lack of reasons why they shouldn’t’”, says the report.
The report suggests two-thirds of the survey respondents thought Australia should consider reintroducing taxes on estates worth more than $3 million.
Global studies show the biggest generational handover ever seen is coming down the line in the decades ahead.