FED:Labor concedes popularity hit from tax changes New carve-outs for startups and a backdown on trusts are aimed at reducing some of the political blowback from major capital gains tax reforms. AAP · Jun 18
AAP · Jun 18 'Missed opportunity': tax findings land as talks go on Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry.
AAP · Jun 18 FED:Tax carve-out backdown fails to cut it with businesses Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.
The Guardian - AU · Jun 18 Afternoon Update: CGT exemptions for small business; ebike thefts soar; and Australia’s top university named PM’s announcement on capital gains tax exemptions follows weeks of criticism from industry groups
AAP · Jun 18 Labor identifies businesses to be exempt from new tax Strict criteria will be applied to small businesses to access a 50 per cent discount to the capital gains tax, the government says.
AAP · Jun 18 FED:New carve-outs revealed for startups after tax backlash Innovative startups will have access to the existing 50 per cent capital gains discount and a proposed minimum tax on discretionary trusts will be axed.
The Guardian - AU · Jun 18 Albanese announces ‘generous’ capital gains tax exemptions for small businesses after budget backlash Startups and testamentary trusts to receive carve outs after criticism of Labor’s CGT changes