Jun 12, 2026 – 8.00pmA former Treasury official says capital gains tax changes will leave Australian companies paying one of the highest tax rates in the world of more than 50 per cent on retained corporate profits, with fund managers warning it will deter businesses reinvesting for growth and increase dividend payouts.Former Organisation for Economic Co-operation and Development economist and Treasury official Cathal Leslie said Labor’s proposed inflation indexation model for CGT and the existing 30 per cent corporate rate meant the integrated tax on retained profits would increase.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles