appeared at the discussions on CGT changes, as a first step; sources say talks include revising the CGT discount, with an inflation-based approach and different treatment for new vs established properties that could impact investors and supply of housing. A second report says the government is weighing CGT changes ahead of a budget, under pressure from greens, unions, and economists. The reports show debate and proposals, not final law, as of the latest reporting. Chalmers described the initial move in a comprehensive tax reform plan.
Treasurer Jim Chalmers is plotting a Budget night tax sting, the Daily Mail can reveal.
www.dailymail.co.ukTreasurer Jim Chalmers has sparked a flurry of speculation that the Albanese Government might be plotting big changes to capital gains tax concessions in the upcoming Budget.
thenightly.com.auSeven years ago, proposed changes to CGT and negative gearing were named as part of the reason Labor lost the unlosable election. Times have changed.
www.abc.net.auJim Chalmers described the legislation he introduced to the lower house on Thursday as the ‘first step’ in an ambitious tax reform package.
thenightly.com.auThe move follows pressure from unions and economists.
7news.com.au