The Age
·general
·3 hours ago
Albanese admits tax changes may hit businesses beyond tech
Prime Minister Anthony Albanese admitted Monday his capital gains tax overhaul may hit businesses beyond tech start-ups, as Labor rushes the bill through parliament by June. Economist Richard Holden warned the inflation-adjusted model could penalize faster-growing firms like industrial cleaners. Albanese promised wider consultation with business groups but rejected calls for a parliamentary inquiry into the controversial changes.
Summary by Glance · The Age
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