Treasurer Jim Chalmers has declared himself and the government open to tax reform to address intergenerational unfairness driven by the nation’s dysfunctional property market, saying the inability of young people to buy a home is one of Australia’s defining issues.
In an interview with Nobel Prize economics winner Joseph Stiglitz for The Monthly magazine published on Friday, Chalmers said the government was “impatient but not impetuous” for reform. He opened the door to tax changes, while signalling any measures would have to be explained methodically so they could be locked in permanently.
Joseph Stiglitz