Business says Labor's tax changes like a plastic surgery 'freak show' (opens original article in a new tab)

Business groups criticize Australia's Labor government's tax changes as overly complex and damaging, while some sectors welcome parts of the reforms.

• Business groups criticize Labor's tax changes as overly complex and damaging to the economy
• Government proposes capital gains tax carve-outs for small businesses and startups with specific criteria
• Industry leaders express concerns about the definition of 'innovative' businesses and trust taxation reforms
• Some business sectors welcome the changes as beneficial for innovation and investment