Albanese admits tax changes may hit businesses beyond tech
Prime Minister Anthony Albanese has acknowledged that his proposed capital gains tax changes may affect a broader range of businesses than just tech start-ups. As he pushes for swift passage of the tax policy, he faces criticism from various sectors regarding its potential impact on productivity. Albanese has committed to consulting with a wider array of business groups to address concerns about the tax overhaul.
- ▪Albanese's capital gains tax overhaul may impact more firms beyond tech start-ups.
- ▪He plans to push the tax bill through parliament without a normal committee inquiry.
- ▪Albanese has promised to consult a broader range of business groups about the tax changes.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.