24,000 millionaires pocket half of capital gains tax break: Oxfam Australia
Nearly 50% of the capital gains tax discount went to just 24,000 people who earned over $1 million in 2022–23, according to Oxfam Australia report released in October. Oxfam is calling on the Australian government to end unfair tax discounts that overwhelmingly benefit the wealthiest Australians. On average, each of these high-income individuals gained $271,000 […]