Jul 1, 2026 – 6.32pmThe Albanese government is poised to push ahead with controversial new laws to increase capital gains taxes on foreign companies investing in critical infrastructure assets, but it is likely to back down on a proposal to make the rules apply retrospectively.The changes, which are set to be quietly introduced to parliament on Thursday, will broaden the 30 per cent capital gains tax on foreign investors to include mining, energy and infrastructure assets, alongside rail, ports and airports and heavy machinery.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Labor to plough ahead with ‘tax on renewables’
The government will back down on retrospective tax changes on foreign investors, but green groups say the new rules will slow Australia’s energy transition.
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