capital gains tax discount
Coverage of capital gains tax discount in the Nexus archive.
- Anthony Albanese visibly emotional after defending Labor’s capital gains tax and negative gearing changes
Australian Prime Minister Anthony Albanese passionately defended Labor's proposed tax reforms, including changes to negative gearing, capital gains tax discounts, and family trusts, despite facing sustained criticism. The reforms aim to limit negative gearing to new-builds, adjust capital gains tax calculations, and impose a 30% minimum tax on discretionary trusts.
- Australia news live: Pocock buys billboards to pressure Chalmers on gas export tax; survey reveals national gloom
ACT independent David Pocock is advocating for a 25% tax on gas exports to fund welfare and housing, as the Albanese government faces pressure to reform property investment tax concessions and tax commodity export profits. A survey highlights worsening economic hardship, with low-income Australians skipping meals and delaying medical care.