The Guardian Australia
·general
·2 hours ago
Prime Minister Albanese expands capital gains tax exemptions for small businesses
Prime Minister Anthony Albanese announced expanded capital gains tax exemptions for Australia's 2.7 million small businesses on Thursday. The changes will increase the turnover threshold to $10 million, responding to criticism of previous tax reforms. Industry groups have called the new inflation-linked approach a 'tax on growth.'.
Summary by Glance · The Guardian Australia
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