Treasurer Jim Chalmers steps up criticism of opposition leader David Taylor’s tax plans, while also acknowledging that earlier changes to capital gains tax (CGT) have affected start-ups. Multiple outlets report that Chalmers and Taylor exchange barbs over their competing approaches to tax policy. In the same coverage, Chalmers indicates he may move to reconsider aspects of the CGT changes, describing concerns that start-ups have been “hit hard” by the impact of the reforms. The reporting frames the developments as part of a wider political dispute over how Australia should structure tax settings, particularly those affecting business investment and growth. While the sources agree on Chalmers’ admission about start-up impacts and his signal that there could be a partial reversal or adjustment to CGT arrangements, they do not detail specific legislative amendments in the excerpts provided. Overall, the story centres on the intersection of political contestation over tax policy and growing pressure to respond to real-world effects of CGT changes on emerging companies.
Chalmers signals possible walk-back on CGT changes after pushback from start-ups
Treasurer Jim Chalmers steps up criticism of opposition leader David Taylor’s tax plans, while also acknowledging that earlier changes to capital gains tax (CGT) have affected start-ups. Multiple outl...
- Jim Chalmers criticises David Taylor’s tax plans in a political exchange.
- Chalmers acknowledges changes to capital gains tax have affected start-ups.
- Multiple reports say Chalmers signals a possible walk-back or adjustment to CGT changes.
- The dispute involves opposing parties’ broader tax policy approaches.
- The reported focus is on CGT’s impact on business and investment for early-stage companies.
The treasurer and the opposition leader were exchanging barbs about their respective tax plans as Chalmers admitted that start-ups had been hit hard by changes to capital gains tax.
3 months agoThe treasurer and the opposition leader were exchanging barbs about their respective tax plans as Chalmers admitted that start-ups had been hit hard by changes to capital gains tax.
3 months agoThe treasurer and the opposition leader were exchanging barbs about their respective tax plans as Chalmers admitted that start-ups had been hit hard by changes to capital gains tax.
3 months ago
FAAN restores Bolt services at Nigerian airports after Aviation Minister’s intervention
The Federal Airports Authority of Nigeria (FAAN) lifts its restriction on Bolt airport operations, allowing passengers t...
Atiku seeks Tinubu’s disqualification over alleged NYSC certificate discrepancy for 2027 election
Presidential candidate Atiku Abubakar files a suit seeking to disqualify President Bola Ahmed Tinubu from the 2027 presi...
NSW Police Minister grilled during budget estimates over alleged Bondi gunman’s firearms licence
NSW Police Minister Yasmin Catley is questioned during a budget estimates hearing about how alleged Bondi gunman Sajid A...