SBS News – Australia
·australia
·2 hours ago
Labor moves to push through controversial tax reforms despite backlash
Treasurer Jim Chalmers introduced sweeping tax reforms to parliament Thursday, including changes to capital gains tax and a $250 annual worker rebate. The bill faces backlash from business groups and state Labor leaders who warn the reforms will discourage investment. The government argues the changes will help first-home buyers by taxing investment income higher than wages.
Summary by Glance · SBS News – Australia
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