The West Australian
·australia
·6 hours ago
Albanese and Chalmers raise CGT exemptions for 2.7 million businesses
Australian Prime Minister Anthony Albanese and Treasurer Jim Chalmers announced modifications to capital gains tax legislation on Thursday. The bill will allow 2.7 million small businesses to access CGT exemptions with a raised turnover threshold of $10 million. These changes aim to secure support from the Senate as the government seeks to finalize tax reforms within two weeks.
Summary by OZbrief · The West Australian
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