ABC News – Top stories
·general
·1 hour ago
Labor introduces capital gains tax legislation with Greens backing swift passage
Labor introduced capital gains tax and negative gearing legislation to parliament Thursday, with Treasurer Jim Chalmers saying the changes would overturn two decades of tax distortion fueling property prices. The Greens signaled they would support the government's timeline for passage within weeks, likely rejecting a Coalition push for extended inquiry. Contentious start-up provisions have been deferred to future legislation.
Summary by Glance · ABC News – Top stories
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