Angus Taylor says Labor should 'take an axe' to tax reform plans | ABC NEWS

Treasurer Jim Chalmers has backed down on changes to capital gains tax, unveiling a carve-out for small businesses and startups. Opposition leader Angus Taylor told News Breakfast the new measures are destroying reward for hard work and says the federal government needs to axe the reform and start again. Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-06-18/capital-gains-tax-concessions-for-startups-and-small-business/106812782

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