ABC News – Top stories
·general
·2 hours ago
Breaking: Albanese, Chalmers unveil capital gains carve-outs for small businesses, startups
Australian Prime Minister Anthony Albanese and Treasurer Jim Chalmers announced new capital gains tax carve-outs for small businesses and startups on June 18, 2026. The proposal expands the active asset discount from $2 million to $10 million in annual turnover, aiming to support innovation and alleviate concerns from the startup sector. Chalmers emphasized the initiative's role in fostering investor confidence.
Summary by Glance · ABC News – Top stories
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