TOP STORY
Rival plan to close Labor’s ‘widow tax’ loophole sooner
LABOR’S bid to close a so-called “widow’s tax” loophole could be gazumped by its Senate rivals, after the first casualty of the government’s tax changes came forward. Crossbenchers, including independent senator David Pocock, welcomed draft legislation released on Tuesday to amend Labor’s changes to negative gearing and the capital gains tax discount, but said the fix could not come soon enough. The amendment will remove an oversight in the original legislation, which passed parliament in June, that would otherwise result in widows and divorcees losing nega
