What Peter Costello Doesn’t Want to Hear

Malcolm Turnbull exposes Treasurer Costello’s empty rhetoric on tax reform:

there is simply no financial or economic justification for maintaining the 47 per cent rate. Its only justification is political: “soak the rich”. But such a rationale is completely disingenuous. After all, anyone who is not a PAYE taxpayer can easily and legally structure their affairs so they don’t have to pay it.