Labor's 2026 Budget introduced the biggest overhaul of Capital Gains Tax in almost 30 years.
The government says the changes will make the tax system fairer, improve housing affordability and raise billions of dollars to fund income tax cuts.
Critics say it will discourage investment, hurt small business, punish entrepreneurs and make Australia less competitive.
In this episode of Talking Tactics, I break down exactly what Labor announced, the concessions they've already been forced to make, and why I think the policy ultimately earns a D Tier rating on The Scorecard.
I also sit down with Geoff Wilson, Chairman and Chief Investment Officer of Wilson Asset Management, to get his take on the reforms and the impact they could have on Australian investors, businesses and the broader economy.
Full Interview with Geoff Wilson: https://youtu.be/ND8_JE5GOZg
Spotify: https://open.spotify.com/show/2pruAJSDREV3pgB4tj8ZJU?si=6c3b9aff7c714666
Apple Podcasts: https://podcasts.apple.com/au/podcast/talking-tactics-with-mel-pikos/id1609902535
In this episode:
00:00 A Band Aid on a Gunshot Wound
02:08 What Labor Announced on Budget Night
05:04 The Government Retreats
06:49 The Scorecard on CGT
18:22 Mel's Call
What do you think?
Is this the kind of structural tax reform Australia has needed for decades?
Or is it a step too far that risks slowing investment, entrepreneurship and economic growth?
Let me know your thoughts in the comments.
#Australia #Politics #Tax #CapitalGainsTax #CGT #NegativeGearing #Budget2026 #JimChalmers #AnthonyAlbanese #Economics #Business #Investing #Housing #TalkingTactics
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Talking Tactics delivers an informed and progressive look into new world Business, Finance, Politics, Infrastructure, Defence, Technology and Current Events.
Talking Tactics is presented by Mel Pikos, Managing Director of TACTIC.
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