Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

It's precisely what I'm doing. I firstly outlined the reductions in small-business taxation and the measures which are there—$3½ billion of support. We are also changing the capital gains tax regime to go back to 1999. As those opposite know in their hearts, that has different results for some depending upon the circumstances. What we're doing is moving from one lot of discounts to another lot of discounts. We're moving towards the system that was in place before 1999 to tax real gains, not nominal gains. What that does is produce fairer outcomes. What that does is better treat income from assets like income from work.

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