attended the discussions on CGT changes, as a first step; media note talks include adjusting the CGT discount, with an inflation-based approach and different treatment for new vs established properties that could touch investors and supply of housing. A second report says the government is weighing CGT changes ahead of a budget, facing pressure from Greens, unions, and economists. The items reflect debate and proposals, not enacted law, as of these reports. Chalmers described the legislation as the first step in a broader tax reform package.
Treasurer Jim Chalmers is plotting a Budget night tax sting, the Daily Mail can reveal.
www.dailymail.co.ukTreasurer Jim Chalmers has sparked a flurry of speculation that the Albanese Government might be plotting big changes to capital gains tax concessions in the upcoming Budget.
thenightly.com.auJim Chalmers described the legislation he introduced to the lower house on Thursday as the ‘first step’ in an ambitious tax reform package.
thenightly.com.auThe move follows pressure from unions and economists.
7news.com.auSeven years ago, proposed changes to CGT and negative gearing were named as part of the reason Labor lost the unlosable election. Times have changed.
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