Chalmers Takes an Axe to Taylor’s Tax Plans as He Walks Back CGT Changes The recent spat between Treasurer Jim Chalmers and opposition leader Angus Taylor over tax plans has sent shockwaves through Canberra, but what does it mean for long term investors?
On the surface, this appears to be a run of the mill politicking exercise, with both sides trading blows on budget numbers and policy proposals.
However, when examined more closely, it reveals the government's priorities – and potential risks for those with investments in Australia. Chalmers' dismissal of Taylor's plan to index tax brackets is not surprising.