Since May 12, barely a day has passed without a fresh flaw being exposed in Labor’s budget.The Albanese government’s proposed changes to capital gains tax, negative gearing and trusts were already riddled with design defects, particularly the decision to extend the CGT changes to all asset classes, which critics argue will deter investment in high-risk, high-return businesses and stymy productivity, innovation and entrepreneurialism in Australia.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Labor’s cover-up just as bad as its tax changes
The Albanese government’s messy strategy to ram its tax bill through the Senate will cost it the one asset it can’t afford to lose: voter trust.
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