The not-for-profit sector has called on federal treasurer Scott Morrison to introduce a death tax on the richest Australians.
The proposed levy on the estates of the richest Australians could raise billions in new revenue and charitable donations.
Tim Costello, chairman of the Community Council for Australia (CCA, says that a similar ‘estate duty’ tax has raised billions overseas in countries such as France, Germany and the UK.
“There has never been a stronger case for an inheritance tax,” Costello said.
The CCA believes that an estate duty would encourage Australia’s super rich to increase their historically poor level of donations to the non profit sector.
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