SMH
·general
·2 hours ago
Australia targets wealth inequality with trust tax hikes and aged care reforms
Australia's budget targets intergenerational wealth inequality through tax policy changes including a 30 percent minimum tax on discretionary trusts and negative gearing restrictions from July 2027. Treasurer Jim Chalmers redirected $3 billion from private health insurance subsidies toward aged care, adding 5,000 beds yearly. The overhaul aims to improve housing affordability and workplace support for carers across generations.
Summary by Glance · SMH
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