Business groups urge rejection of CGT changes (opens original article in a new tab)

Business groups urge rejection of capital gains tax changes, citing potential negative impacts on investment, while economist Saul Eslake supports the reforms as a fair contribution to public expenditure.

• Business groups urge government to reject capital gains tax changes, claiming it will discourage investment.
• Tax reforms include replacing 50% capital gains discount with inflation-linked deduction and curbing negative gearing for property investors.
• Economist Saul Eslake supports the changes, arguing they ensure fair contribution to public expenditure.