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PM announces $475m backdown on CGT and trusts
Labor has granted tax concessions to small businesses, start-ups and testamentary trusts, in a partial surrender following a backlash against its contentious budget tax changes.
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afr.com
Government might fast-track CGT carve-outs as criticism grows
Labor is considering including capital gains tax exemptions in the budget legislation it will ram through the Senate in a bid to shut down political blowback.
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sbs.com.au
Anthony Albanese announces key exemptions to capital gains tax reform, after pushback
Around 2.7 million small businesses will be offered a carve-out from controversial tax changes.
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abc.net.au
Breaking: Albanese, Chalmers unveil capital gains carve-outs for small businesses, startups
The federal government has consulted with small businesses and startups over contentious elements of its budget tax proposal.
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PM announces $475m backdown on CGT and trusts
Labor has granted tax concessions to small businesses, start-ups and testamentary trusts, in a partial surrender following a backlash against its contentious budget tax changes.
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theage.com.au
Chalmers winds back ministerial powers in bid to clear CGT Senate hurdle
Businesses with turnover of up to $10 million will be able to claim 50 per cent off their capital gains tax.
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smh.com.au
Albanese winds back tax hikes for small businesses, start-ups, testamentary trusts
Businesses with turnover of up to $10 million will be able to claim 50 per cent off their capital gains tax.
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Albanese winds back tax hikes for small businesses and trusts
Labor’s contentious tax hikes on capital gains and trusts have been wound back, following a sustained attack on the measures and drops in the polls.
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theguardian.com
Albanese announces ‘generous’ capital gains tax exemptions for small businesses after budget backlash
Startups and testamentary trusts to receive carve outs after criticism of Labor’s CGT changes
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Albanese defuses his tax grenades, but does the backflip go far enough?
As concessions go, the government’s new capital gains tax carve-outs aren’t ones to get excited about. But they’re politically savvy.
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No ‘death tax’: Families win reprieve in Labor backflip on trusts
The change means that a whole class of trusts will be exempt from the proposed 30 per cent minimum tax rate in a win for the beneficiaries of inherited wealth.
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Opposition calls out government's small business carve-outs
The opposition has jumped on the federal government's small-business CGT carve-outs, claiming it is an admission that Labor got the budget wrong.
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Government backpedals on budget. Here’s what the changes mean for you
Jim Chalmers and Anthony Albanese have bowed to pressure on key budget measures. Here are the key changes explained.