May 27, 2026 – 8.00pmAustralia’s peak business groups, including the Business Council of Australia, are now united in demanding Labor’s capital gains tax changes be limited to real estate, but the government is refusing to yield and will introduce broad-brush legislation on Thursday with the promise of only minor carve-outs.As Anthony Albanese contended 90 per cent of small businesses would be exempt from the changes, Treasurer Jim Chalmers said that while fixing housing inequality was “the main game”, too many exemptions beyond the tech start-up sector would further distort the tax system.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles