Albanese defuses his tax grenades, but does the backflip go far enough?

On June 18, 2026, Prime Minister Anthony Albanese announced new concessions to the capital gains tax, responding to widespread backlash. The changes, which include raising the small business revenue threshold from $2 million to $10 million, will cost the government $475 million over four years. Critics argue these adjustments may not sufficiently address all concerns from business groups.

Summary by Glance · SMH