Brisbane Times
·general
·1 hour ago
Chalmers unveils tax reforms, winds back negative gearing despite election promises
Treasurer Jim Chalmers will unveil sweeping tax reforms in his most ambitious budget, winding back negative gearing and capital gains tax concessions despite Prime Minister Albanese's election promises against such changes. The $35 billion NDIS savings and housing-focused reforms aim to tackle intergenerational inequality. Albanese believes addressing housing affordability concerns outweighs the political risk of breaking campaign commitments.
Summary by Glance · Brisbane Times
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