Brisbane Times
·general
·1 hour ago
Australia targets wealth inequality with capital gains tax and gearing changes
Australia's 2026 budget targets wealth inequality across generations through tax policy changes including capital gains adjustments and negative gearing restrictions. Treasurer Jim Chalmers framed the budget around "intergenerational equity" while managing Middle East tensions and inflation. Baby Boomers face private health insurance cost increases but benefit from aged care expansion and pharmaceutical coverage expansions.
Summary by Glance · Brisbane Times
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