Aussie budget makes sweeping changes to capital gains tax
ANALYSIS: Under the banner of addressing ‘intergenerational inequity,’ Australia's federal budget introduces the biggest changes to asset and investment taxes this century.
Australian treasurer Jim Chalmers says the budget addresses a system more 'more generous to assets than it is to labour.'
For a quarter of a century Australian governments of any political persuasion have been averse to making big changes to the taxing of assets, either through reforming capital gains tax, negative gearing on property or taxing distributions from trusts.
