Open accessibility guideSkip to sections navigationSkip to contentSkip to footerThe Sydney Morning Herald logoThe Sydney Morning Herald logoAdvertisementNationalBusinesses are concerned they will be worse off under new tax changes unveiled in the federal budget.Updated June 16, 2026 — 6:16am,first published 6:13amLoadingLatest in VideosVideo icon0:25AFL star whacks schedule clash with SocceroosVideo icon1:20UK to join Australia in social media banVideo icon1:30Iranian football team arrives in USVideo icon0:20Sydney's Coogee Beach reopensAdvertisementThe Sydney Morning Herald logoTwitterFacebookInstagramRSSOur SitesThe Sydney Morning HeraldThe AgeBrisbane TimesWAtodayThe Australian Financial Reviewnine.com.auDriveClassifiedsTributesPlace your adThe Sydney Morning HeraldContact & supportAdvertise with usNewslettersAccessibility guideSitemapPhoto salesPurchase front pagesContent licensingWork with usTerms of usePrivacy policyPress CouncilCharter of Editorial IndependenceAI Editorial GuidelinesProducts & ServicesSubscription packagesMy accountSubscriber FAQsDelivery statusToday’s PaperGood Food GuideDaily PuzzlesCopyright © 2026Subscribe