Businesses with turnover of up to $10 million will be able to claim 50 per cent off their capital gains tax.

The government is proposing to dump the 50 per cent CGT discount in favour of the pre-1999 inflation indexation system.

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.

Around 2.7 million small businesses will be offered a carve-out from controversial tax changes.

The federal government has consulted with small businesses and startups over contentious elements of its budget tax proposal.

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.

Businesses with turnover of up to $10 million will be able to claim 50 per cent off their capital gains tax.

Businesses with turnover of up to $10 million will be able to claim 50 per cent off their capital gains tax.

The government’s tax carve outs are welcome, but they don’t get to the heart of the problem: Australia needs more people to take more risk.

Startups and testamentary trusts to receive carve outs after criticism of Labor’s CGT changes

Jim Chalmers and Anthony Albanese have bowed to pressure on key budget measures. Here are the key changes explained.

The health minister has denied claims that he is vying to be the next prime minister.

Leading investors and entrepreneurs say proposed changes to the government’s capital gains tax reforms have failed to solve some of the main problems.