Part 8/9:
McGra pointed to a leaked document obtained via Freedom of Information, which indicated that the Treasurer was aware the government would not meet housing commitments, was overspending, and was contemplating higher taxes. He warned that such policies could erode public trust and discourage investment in the productive sectors of the economy. Drawing parallels with the UK’s recent experiences, where taxing non-domiciled residents (non-doms) resulted in capital flight and reduced revenue, McGra warned Australia could face similar consequences if the Labor government proceeds with aggressive tax hikes.