Federal Budget
CPA Australia: Budget a “tax grab” punishing aspirations and deterring investment
AUSTRALIA’S largest accounting body, CPA Australia, says last night’s Federal Budget delivers a “tax grab”, not tax reform, placing a heavier burden on ordinary Australians, while undermining investment, productivity and business confidence. CPA Australia tax lead Jenny Wong said the government’s changes to capital gains tax and investment settings would disproportionately impact mum-and-dad investors, small [...]