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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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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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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
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.