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Treasurer blames ‘misinformation’ for war on tax change

THE treasurer has hit out at “misinformation” fuelling a backlash against the government’s budget tax changes. Jim Chalmers has been forced onto the defensive by a growing campaign, led by young startup founders, who claim Labor’s move to pare back the 50 per cent capital gains discount will effectively double their tax bill when they sell their companies. “By removing the CGT discount on shares, and replacing it with a cost base indexation scheme, you have clocked us with a massive tax hit and then come up with a replacement that will make things even wors

Jobs market holds key to next Reserve Bank rates call

Labor’s Budget threatens to kill the ‘Australian dream’

Budget to reveal state’s big debt recovery mission

‘Self-fulfilling’ inflation expectations risk recession

Property purchases down as interest rate shocks hit

Small businesses become target of Budget conjecture

Conveyancers slam ‘ridiculous’ tax changes

Conveyancers have slammed controversial tax changes announced in last week’s Federal Budget, saying the industry has already taken a hit as investors retreat from property. Treasurer Jim

Changes ‘dropped into system that can’t deliver’

Changes to the capital gains tax discount and the removal of negative gearing for existing properties from July next year will decimate future rental supply and push rents even higher. T

State and local governments typically require new housing to include off-street parking – often much more than residents want, needlessly driving up the price of housing. This is the vie

Climate change risks billions in infrastructure

TENS of billions of dollars worth of roads, rail, hospitals, and energy assets in one state alone are at risk of damage or destruction from climate change-fuelled extreme weather. In wha