From michaelwest.com.au: Anglicare Australia advocates for reinstating inheritance taxes in Australia, which were abolished in the late 1990s, to address rising inequality.
The proposal suggests taxing high-value inheritances over $2 million, excluding family homes, to prevent further concentration of wealth among the affluent.
Former Treasury secretary Ken Henry previously endorsed such taxes as an efficient revenue source, highlighting the need for conversations around their potential reintroduction despite historical controversies.