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Government retreats on contentious budget tax measures

1 min · 19. juni 2026
episode Government retreats on contentious budget tax measures cover

Description

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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