Paul Keating urges Labor to stick with capital gains tax overhaul and avoid exemptions that would hurt economy
by Tom McIlroy Political editor from World news | The Guardian on (#75WX5)
Exclusive: Former PM says changes to tax rates are so marginal that no entrepreneurial initiative is likely to be thwarted'
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Paul Keating has urged Labor to stick to its guns on controversial changes to capital gains tax, warning that exempting commercial assets from the changes would further distort" the economy.
Small business and the startup sector are fighting the Albanese government over its plans to shift the 50% capital gains tax discount to an inflation-based model, part of a suite of tax reforms announced in this month's federal budget.
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