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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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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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afr.com
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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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