Prime Minister Anthony Albanese is standing by controversial budget reforms to capital gains tax as market volatility and public outcry follow the announcement.
2 mins to read Aussie government defends tax changes amid widespread anger Shares in Australia’s biggest property lender CBA dropped by 10% on Wednesday on fears of the impact on property investment.. Prime Minister Anthony Albanese has defended the changes, saying they will enable 75,000 young Australians to buy homes.. Lachlan Colquhoun Thu, 14 May 2026 © All content copyright NBR.. Do not reproduce in any form without permission, even if you have a paid
subscription.. Major changes to capital gains tax and other asset taxes in this week’s Australian budget have provoked an angry response from some business leaders, opposition politicians and the media.. Mastheads owned by News Corporation went on the attack against Treasurer Jim Chalmers, with a front page Want to read more?. It’s easy.. Choose your subscription Already have an account?. Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone
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$21 per user – Pay by monthly credit card debit Yearly Premium Online Subscription + NBR Marketplace NZ$999.00 / yearly Individual Group membership NBR Marketplace Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).. View terms and conditions.. Lachlan Colquhoun Thu, 14 May 2026 Contact the Writer: lachlan@nbr.co.nz News tip?. Question?. Typo?. Let us know: editor@nbr.co.nz © All content copyright NBR.. Do not reproduce in any form without permission,
even if you have a paid subscription.. Anthony Albanese Jim Chalmers Pauline Hanson capital gains tax Australian Budget Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day.. Related News Aussie budget makes sweeping changes to capital gains tax Australia walks a fiscal tightrope in 2026 Budget RBA hikes rates to 4.35% RBA hikes rates for second time this year Aussie government budget set for
blowout, despite higher revenues
Aussie government, capital gains tax, Australian budget, Anthony Albanese, housing market, property investment