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Minns Slams Bracket Creep, Businesses Worry Tax Changes
Description
NSW Premier Chris Minns urges federal government to address bracket creep, as working families face high tax burden. Meanwhile, business community expresses concern over proposed capital gains tax and trust changes, citing potential investment risks. Small business owner Chris Nour halts hiring plans due to economic uncertainty. Federal government consults on tax proposals, with some changes not taking effect until 2028. Business NSW warns of tax bomb and calls for reconsideration. Balancing government revenue and fostering economic growth remains the challenge.
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