Treasurer Jim Chalmers defended the government's proposed Capital Gains Tax changes affecting young investors, arguing shares have been "under compensated" and investments should be based on economic rather than tax outcomes. The Coalition pledged to reverse the tax reforms if elected, with Shadow Treasurer Tim Wilson criticizing the changes as "knee-capping" self-starters.
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Treasurer Jim Chalmers defended the government's proposed Capital Gains Tax changes affecting young investors, arguing shares have been "under compensated" and investments should be based on economic rather than tax outcomes. The Coalition pledged to reverse the tax reforms if elected, with Shadow Treasurer Tim Wilson criticizing the changes as "knee-capping" self-starters.