#jimchalmers

Crikey | No, entrepreneurialism shouldn’t get better tax treatment compared to wages by Sophie Black AI generated summary, Read the full article for complete information. The article argues that the notion of Prime Minister Anthony Albanese becoming an “equal partner” in Australian businesses is misleading and borders on disinformation, especially as the government’s new tax reforms—tightening negative‑gear‑ing rules and altering capital‑gains tax—spark a backlash from the investor class. While the Labor Party anticipated resistance to the negative‑gear‑ing changes, it was caught off‑guard by a social‑media firestorm, driven by influencers decrying the measures as a “tax on ambition.” The piece highlights how entrepreneurs like mortgage‑broker founder Joseph Daoud are even buying costly billboard space to protest the policies, underscoring the political and economic tensions surrounding the recent fiscal overhaul. Read more: https://www.crikey.com.au/2026/05/26/capital-gains-tax-entrepreneurs-income-assets-wealth/ #JimChalmers #JosephDaoud #Labor #capitalgainstax #negativegearing

English – The Conversation | Politics with Michelle Grattan: former minister Ed Husic on why Labor must ‘stare down’ gas companies over tax by Michelle Grattan, Professorial Fellow, University of Canberra AI generated summary, Read the full article for complete information. In the lead‑up to next month’s federal budget, Treasurer Jim Chalmers must juggle global uncertainty, a fuel crisis and cost‑of‑living relief while weighing reforms to negative gearing, capital‑gains tax, a gas export tax and the NDIS. Former industry minister Ed Husic argues that Australia is “selling the country short” by earning almost nothing from about $170 billion of LNG exports over four years and insists Labor should “stare down” gas‑company pressure and pursue a fairer royalty or Petroleum Resource Rent Tax. He welcomes the Senate inquiry into gas taxation and warns the Albanese government not to be intimidated by multinational threats to relocate investment. On artificial intelligence, Husic calls for a comprehensive national AI Act and a dedicated regulator to set guardrails now rather than adopt a lax, reactive approach. He also urges stronger action against Islamophobia and antisemitism, recommending the Bondi royal commission broaden its remit and the government implement anti‑vilification laws and respond to the Human Rights Commission’s anti‑racism framework. Read more: https://theconversation.com/politics-with-michelle-grattan-former-minister-ed-husic-on-why-labor-must-stare-down-gas-companies-over-tax-281124 #EdHusic #Albanesegovernment #NBN #HumanRights #LNG #JimChalmers AI generated summary, Read the full article for complete information.