The wealthy and the rich in Australia are getting away with financial murder. There should be a death tax for estates over $5 million that rises to 90%. Farmers excluded. And the income tax on the rich should rise to 90%. It should be illegal to put assets abroad, or to put them in trusts. In fact trusts should be taxed as high worth individuals and should be dissolved after 30 years and be subjected to death tax and CGT.
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- Our ABC promotes a "Wealth Tax" proposal.
Our ABC promotes a "Wealth Tax" proposal., page-157
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