Treasurer asked to explain productivity impact of tax changes
Treasurer Jim Chalmers has been asked to clarify how changes to capital gains tax will enhance productivity. Business groups argue that the tax increases will hinder productivity and investment, potentially affecting wage growth. The government maintains that the reforms are designed to improve economic outcomes over time.
- ▪Business groups have criticized the government's claims that capital gains tax changes will boost productivity.
- ▪The government argues that the reforms will ensure investments are made for economic reasons rather than tax advantages.
- ▪Concerns have been raised that increased taxation will negatively impact business investment and productivity.
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Treasurer asked to explain productivity impact of tax changesBy senior political correspondent Jake EvansTopic:TaxFri 22 May 2026 at 4:44amFri 22 May 2026 at 4:44amFri 22 May 2026 at 4:44amTreasurer Jim Chalmers says the federal budget will boost productivity over time. (ABC News: Matt Roberts)In short:Business groups have poured water on the government's claim its changes to capital gains tax will boost productivity over the longer term.They say the tax increases will put a drag on productivity, hurting the chance for wage growth.What's next?Treasurer Jim Chalmers has been asked to release modelling showing the expected impacts of its CGT changes.abc.net.au/news/treasurer-asked-to-explain-productivity-cost-of-tax-changes/106705562Link copiedShareShare articleTreasurer Jim Chalmers has…
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