Former Reserve Bank of Australia governor Bernie Fraser has called for the capital gains tax discount to be completely scrapped. Speaking at a Senate committee hearing on capital gains tax, Fraser stated that if it were up to him, he would abolish the discount entirely.
Fraser expressed concern that younger Australians are watching the unaffordable housing market with dismay, suggesting the tax discount contributes to the problem. His comments add weight to ongoing debates about housing affordability and tax policy in Australia.