Exclusive: Former PM says changes to tax rates are ‘so marginal that no entrepreneurial initiative is likely to be thwarted’

Labor’s pre-election promise of a $1,000 standard tax deduction and $250 ‘working Australians tax offset’ will be included in the draft laws

As Labor MPs grumbled about the messy public messaging after this month’s budget, tempers flared and Anthony Albanese warned Angus Taylor over his leadership prospects.

Poor explanations of the budget’s tax changes have confused mum and dad traders across Australia, and senior ministers are worried about the political pain the government will…

Canva’s Cliff Obrecht and NextDC’s Craig Scroggie say the changes will kill innovation. Meanwhile, Labor’s CGT backers want fair treatment for real losses.

Exclusive: Former PM says changes to tax rates are ‘so marginal that no entrepreneurial initiative is likely to be thwarted’

A day before Labor puts forward its tax changes in parliament, Chalmers has defended a policy that has opened up a political brawl on wealth creation and economic growth.

Business groups are demanding Labor’s tax changes be limited to homes, but the government is refusing to yield.