Australia's lower house passes bill for biggest overhaul of taxes in decades
Published on: June 4, 2026, 10:15 a.m. | Source: The Economic Times
Australia's parliament has approved a major tax reform. The government is curbing tax breaks for property investors to boost housing affordability. A capital gains discount is being removed. New tax cuts for workers are also included. The bill now moves to the Senate for further consideration. These changes aim to reshape the nation's tax landscape.
