Businesses warn of unpredictable tax system as CGT backlash continues
Australia's major business groups are expressing concerns over an unpredictable tax system following the government's capital gains tax overhaul. They argue that recent tax changes prioritize revenue over stability, which could deter investment. The government remains firm in its approach, asserting that these changes will redirect investment into more productive areas of the economy.
- ▪Australia's biggest business groups warn of an unpredictable tax system due to capital gains tax changes.
- ▪Industry representatives argue that recent tax changes prioritize revenue over stability and investor confidence.
- ▪The government plans to introduce budget legislation while consulting with the start-up industry about potential adjustments.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.