Jul 7, 2026 – 5.00amNew laws to increase capital gains taxes on foreign investors are expected to raise over $1 billion more than originally estimated, according to a fresh Treasury forecast, as renewables groups warn the rules will push critical capital to lower tax countries.The forecast, which was included in legislation introduced on Thursday, estimates that expansion of a 30 per cent capital gains tax on offshore investors in energy, mining and infrastructure assets would raise around $2.3 billion over the next five years.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles