SBS News – Australia
·australia
·1 hour ago
Anthony Albanese announces key exemptions to capital gains tax reform, after pushback
Prime Minister Anthony Albanese announced expanded exemptions to capital gains tax reforms, benefiting around 2.7 million small businesses. The active asset discount will increase from a $2 million to a $10 million turnover threshold, following significant pushback. Albanese emphasized the role of small businesses in the economy during the announcement in Sydney.
Summary by OZbrief · SBS News – Australia
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