Prime Minister Albanese expands capital gains tax exemptions for small businesses
Prime Minister Anthony Albanese announced expanded capital gains tax exemptions for Australia's 2.7 million small businesses on Thursday. The changes will increase the turnover threshold to $10 million, responding to criticism of previous tax reforms. Industry groups have called the new inflation-linked approach a 'tax on growth.'.
Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 18 Jun 2026, 07:02 UTC · Updated 18 Jun 2026, 07:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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