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Chalmers flags 'legitimate' small business CGT debate
Key takeaways
- Treasurer Jim Chalmers has faced ongoing questions about capital gains tax carve-outs.
- Labor has acknowledged concerns that its capital gains tax changes extend beyond startups, with Treasurer Jim Chalmers describing calls to expand existing small business carve-outs as a "legitimate" conversation.
- Business groups are pushing to lift the thresholds for longstanding concessions, warning narrow carve-outs alone will not address concerns from thousands of growing small businesses.
Why this matters: an international story with cross-border implications worth tracking.
Treasurer Jim Chalmers has faced ongoing questions about capital gains tax carve-outs. (ABC News: Matt Roberts)
Labor has acknowledged concerns that its capital gains tax changes extend beyond startups, with Treasurer Jim Chalmers describing calls to expand existing small business carve-outs as a "legitimate" conversation.
Business groups are pushing to lift the thresholds for longstanding concessions, warning narrow carve-outs alone will not address concerns from thousands of growing small businesses.
Article preview — originally published by ABC Australia. Full story at the source.
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