‘Intergenerational fraud’: Coalition vows to repeal Labor’s tax hikes

Opposition Leader Angus Taylor has vowed to repeal Labor’s changes to negative gearing, capital gains tax concessions and family trusts.

“Our position is we’re going to do everything we can to stop these bad taxes, toxic taxes, from getting through the Parliament,” Mr Taylor told Sky News Australia.

“We’re going to fight every day between now and the next election, and as Tim [Wilson] said… we’re going to fight to stop these taxes even getting through this Parliament.

“They’re not going to solve any intergenerational problem, and we’ll do whatever it takes to roll these taxes back.”