Paul Keating urges Labor to stick with capital gains tax overhaul and avoid exemptions that would hurt economy
المصدر: The Guardian World | Source: The Guardian WorldExclusive: former PM says the changes to tax rates are ‘so marginal that no entrepreneurial initiative is likely to be thwarted’
Paul Keating has urged Labor to stick to its guns on controversial changes to capital gains tax, warning exempting commercial assets from the changes would further “distort” the economy.
Small business and the start-up sector are fighting the Albanese government over its plans to shift the 50% capital gains tax discount to an inflation-based model, part of a suite of tax reforms announced in this month’s federal budget.
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This article was originally published by The Guardian World. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
