Labor’s tax changes to face three-week senate inquiry amid brawl with business
Labor's proposed tax changes will undergo a three-week Senate inquiry due to significant opposition from the business sector. The inquiry will also allow the Greens to question the government's decision to maintain tax breaks for existing property investors. This situation adds to the political tension surrounding Labor's broader tax reforms, which have faced criticism from various stakeholders.
- ▪Labor's tax bill was referred to a Senate committee after being introduced by Treasurer Jim Chalmers.
- ▪The Greens plan to use the inquiry to challenge the government's grandfathering of tax breaks for property investors.
- ▪Labor is facing backlash from the Coalition and the business sector regarding its capital gains tax changes.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.