The Age
·general
·2 hours ago
Albanese plots CGT concessions to avoid angry backlash from small business
Prime Minister Anthony Albanese is considering expanding capital gains tax exemptions for small businesses to counter political backlash over budget reforms. Labor may widen existing thresholds, currently unchanged since 2007, to protect more traders before July. The Council of Small Business Australia seeks to raise turnover limits to $10 million and net assets to $12 million.
Summary by Glance · The Age
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