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Young Leaders Challenge Albanese's Tax Overhaul

Young Leaders Challenge Albanese's Tax Overhaul

Published 4 days, 22 hours ago
Description

A group of young business leaders challenge PM Albaneses capital gains tax overhaul, warning it could stifle ambition and drive away entrepreneurs. Treasurer Chalmers defends the change, arguing it creates a more neutral investment landscape. The Coalition criticizes the budget, planning to announce a new small business act. Independent MP Allegra Spender urges caution, emphasizing the need for broader consultation and a careful balance between prosperity and fairness. PM Albanese acknowledges the limited consultation period and hints at potential adjustments to the tax framework.

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