Backflip: Labor announces major CGT and discretionary trust policy change

Arrogant policy overreach backfired. Now political enemies have a weapon

Federal government executes dramatic policy reversals on contentious budget measures, including death tax and CGT. Unpack why Labor faced a major political capitulation.

CPA Australia backs direction of CGT and trust reforms but flags major gaps

CPA Australia has announced its support for the federal government’s capital gains tax (CGT) and trust tax changes, while warning that unresolved design issues could create problems for small businesses and their advisers. CPA Australia Tax lead Jenny Wong said the prime minister and treasurer’s announcements largely address industry concerns and are “heading in the right direction” as small businesses confront ongoing cost pressures and economi…

Backflip: Labor announces major CGT and discretionary trust policy change

Labor announces major post-budget CGT and discretionary trust policy changes that will help "99pc" of farm businesses and scrap the so-called death tax.