Jun 4, 2026 – 12.23pmTreasury says there will be no boost to economic growth and productivity from the most significant changes to the tax system in a quarter of a century by the Albanese government.The revelation confirms that the contentious tax changes to negative gearing, capital gains and trusts are more about equity and redistributing wealth, rather than growing the economic pie bigger.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Treasury: No boost to growth or productivity from Labor’s tax changes
Treasury’s economic assessment contrasts to Treasurer Jim Chalmers’ budget speech, in which he said the budget is “making the economy more productive”.
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