Labor will proceed with controversial tax changes impacting businesses and property investors as it prepares to introduce an overall framework for reform.
Treasurer Jim Chalmers will introduce a bill to parliament on Thursday that will include increases to investor tax rates alongside a $250 a year tax rebate for workers and a $1000 standard tax deduction.
Dr Chalmers has said the changes will help young people who have been locked out of the housing market by a system that taxes income earned from labour at a higher rate than income derived from investments.
