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Government retreats on contentious budget tax measures

1 min · 19 jun 2026
aflevering Government retreats on contentious budget tax measures artwork

Beschrijving

The Albanese government has reversed several controversial tax measures from the federal budget following voter backlash. Testamentary trusts will now be exempt from a planned 30% tax, small businesses can retain capital gains tax concessions, and exemptions are proposed for innovative start-ups. The changes have received support from affected industries including biotech companies and farmers, though opposition members claim the budget's political damage remains. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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