Jun 1, 2026 – 5.00amIndependent MP Allegra Spender has called for the Albanese government to scrap its proposed inflation indexation model for capital gains in favour of a 40 per cent discount, and has not ruled out forming a new political party with other teal independents.Speaking to The Australian Financial Review, Spender slammed Labor’s lack of consultation with industry on its proposed changes to the taxation of capital gains. She argued cutting the discount to 40 per cent would “have much less significant impact” on the economy – particularly the business sector – than the government’s inflation indexation model.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles