Treasurer Chalmers defends partial negative gearing reform, cites balance for investors

Treasurer Jim Chalmers defended Labor's decision not to fully abolish negative gearing in the budget, saying the reforms strike the right balance for Australia. Chalmers told Guardian Australia the government maintained a capital gains tax discount while minimizing distortions in the investment system. The partial reform limits negative gearing benefits that disproportionately favor wealthy investors.

Summary by Glance · The Guardian Australia – News