Lobby groups attack Government over potential tax changes
Australia’s fossil fuel and property industries are gearing up for a fight over tax as the government mulls changes ahead of its May budget. Treasury is reportedly drawing up changes to make the tax system fairer for younger Australians, including by reducing the capital gains discount for property investors and increasing taxes on gas exporters. The reports have been welcomed by crossbench members, who have been campaigning for the changes. But the reception from big business is unsurprisingly more hostile. Developer lobby groups railed against reported