Been saying to a lot of people that next months budget will have same major changes made to make up for the COVID costs/expenses. Removal of negative gearing completely would destroy the economy due to it being 'enshrined' into the Aussie mindset, the amount of pollies who have multiple investment properties, and the amount of people who currently NG. Wouldn't rule put a tweak to it through. CGT could see some changes there from the 50% discount to a lower amount, or what assets now qualify. Superannuation will have changes made again. Can't see this getting off lightly. You would have to think the easiest revenue raiser is increasing the GST from 10% to 12/12.5%. 15% would be too much with enormous backlash. They will bring forward some of the proposed tax cuts to spur the economy, which will also offset the increases made to other things per the previous points.
