Post by Business Council of Australia (BCA)

The Business Council welcomes the Government’s strong action on national resilience, productivity, research and development, and cutting red tape in the Federal Budget. However, proposed changes to capital gains tax and negative gearing risk deterring investment and adding further complexity to the system. In the BCA’s Pre-Budget Submission, we made the test for this Budget clear: demonstrate fiscal discipline and strengthen Australia’s resilience. That is how we improve our competitiveness for global capital, lift productivity, and support higher living standards in an increasingly uncertain world. 🔗 Read more: https://bit.ly/4dnfXLs