12. Congress believes that consideration should be given to taxing inheritances in the hands of the beneficiary. A lifetime threshold could be made available to the taxpayer with tax payable once cumulative inheritances exceeded the threshold.
FURTHER POLICY REFORM
63. Congress recognises the need to consider tax policy areas in detail, including, in addition to those addressed in this Policy, wealth and inheritance tax, the taxation treatment of dividend imputation and franking credits, and measures to fund public infrastructures land tax and carbon pricing.