Australia news live: Angus Taylor dismisses Labor’s ‘half-arsed’ tweaks to CGT reform; boy, 12, dies in Cairns crash in suspected stolen car
Follow live updates Get our breaking news email , free app or daily news podcast Ted O’Brien distanced himself from Pauline Hanson ’s suggestion that Australia shouldn’t give aid to Pacific countries that also take aid from China. He said it was a legitimate concern, but her solution was “completely wrong” for the Pacific and not in Australia’s national interest. The idea that you effectively hold a gun to the head of our Pacific neighbours – that’s not what a friend does, that’s not a way of bu
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20.31 EDTAngus Taylor dismisses Labor’s ‘half-arsed’ tweaks to CGT reformTom McIlroyThe opposition leader, Angus Taylor, has dismissed the government’s proposed carve outs from changes to capital gains tax, announced in the federal budget.Under the proposed concessions, all of Australia’s 2.7m small businesses will receive exemptions from capital gains tax, with startups and testamentary trusts exempted from the tax reform proposals.The announcement by Anthony Albanese and the treasurer, Jim Chalmers, on Thursday followed weeks of sustained criticism from industry groups and the opposition, who have labelled the move from a flat 50% CGT discount model to an inflation-linked approach as a “tax on growth”.Taylor told Sky the government should scrap the budget reforms and go back to square…
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