The CGT debate can’t ignore Treasury’s tobacco tax failure (opens original article in a new tab)

The debate over increasing capital gains tax rates highlights irony due to Treasury's previous assurance about tobacco tax increases.

• The Albanese government and Treasury proposed eliminating the 50% capital gains tax discount
• Treasury previously assured that increasing tobacco taxes to high levels would not cause issues
• There is irony in the current CGT debate given Treasury's past stance on tobacco taxes