Albanese admits tax changes may hit businesses beyond tech

Prime Minister Anthony Albanese admitted Monday his capital gains tax overhaul may affect businesses beyond tech start-ups, as Labor rushes the bill through parliament by end-June. The government will consult small business groups on unintended consequences after bundling the CGT changes with negative gearing limits and tax offsets. Economists warn the inflation-adjusted model could penalize faster-growing firms across sectors.

Summary by Glance · Brisbane Times