‘A problem for every single business’: Labor insider joins backlash over CGT overhaul
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Source: The Age
Published: 2026-05-19 05:00 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Australia, Economy & Finance, Labour & Workers, Tax & Budget, Business & Economy
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Snippet:
A top adviser to former Labor leader Kevin Rudd and NSW Premier Chris Minns has joined a growing group warning that Prime Minister Anthony Albanese and Treasurer Jim Chalmers’ decision to hike the capital gains tax on businesses will stifle the economy and drag productivity, as Labor MPs grow uneasy about the backlash over the controversial measure.
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