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Economics1h 59m ago
Tax experts have dismissed claims that planned tax reforms will ruin Australia's economy, with some suggesting they could boost productivity.
Australia
Who
Tax experts Peter Varela, Michael Brennan, Matt Grudnoff, and Susan Lloyd-Hurwitz, the Australian Chamber of Commerce and Industry, AI Group, the Business Council of Australia, the Council of Small Business Organisations Australia, and the Property Council of Australia
What
Tax experts have dismissed claims that planned tax reforms will ruin Australia's economy, with some suggesting they could boost productivity.
When
Mon, 15 Jun 2026 04:29:58 GMT · 1h 59m ago
Where
Australia ·
Why
A two-day snap inquiry began Monday into the government's planned tax changes, which include replacing the 50 per cent capital gains tax discount with an inflation-tied rate and limiting negative gearing to new houses from July 2027.
The Frontline Impact
How this affects you
The proposed tax reforms in Australia, aimed at increasing productivity and housing affordability by shifting the tax burden to assets, are facing criticism from business groups concerned about competitiveness, while experts suggest the overall economic impact will be limited but could benefit first-time homebuyers.
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