Spender leads business revolt against Chalmers’ capital gains tax tweak
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A federal MP led a business revolt against a change to the capital gains tax made by Chalmers. The MP mentioned that Israel uses an inflation-adjusted model. He noted that Israel caps its tax rate at 30 per cent.
The federal MP said Israel was one of the few other economies which used an inflation-adjusted model, though it capped the tax rate at 30 per cent.