politics

Paul Keating Calls on Labor to Maintain Capital Gains Tax Reforms Without Exemptions

27 Mayıs 2026The Guardian

Former Prime Minister Paul Keating has called on the Labor government to maintain its proposed changes to capital gains tax, arguing that any exemptions would distort the economy further. He believes that the adjustments to tax rates are minimal and will not hinder entrepreneurial initiatives.
The Albanese government faces opposition from small businesses and the startup sector regarding its plans to alter the capital gains tax discount to an inflation-based model.
The proposed changes to capital gains tax are part of a broader suite of tax reforms introduced in the recent federal budget, which aim to modernize Australia's tax system. The debate has intensified as small businesses and startups express fears that these changes could stifle growth and innovation within their sec…
Keating's insistence on sticking with the capital gains tax overhaul highlights a significant ideological divide between traditional economic principles and the contemporary pressures faced by small businesses. His perspective suggests a belief in the long-term benefits of a streamlined tax system, even if it encoun…

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This article represents the views of the author and does not necessarily reflect the views of The Guardian or its editorial team.

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