From taxrambling.com: The lack of indexation in tax legislation leads to significant issues such as bracket creep and diminished effectiveness of tax concessions and anti-avoidance provisions.
Specific examples illustrate how, over time, thresholds for non-commercial losses and the income of minors have not kept pace with inflation, rendering them less relevant and effective.
The government should consider a comprehensive review and potential indexation of all unindexed tax thresholds to restore their intended purposes.