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Australia

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Top stories from Australia — politics, business, culture and more.

Chalmers might keep 50% CGT discount for start-ups as Labor MPs insist budget is winning over young voters

Chalmers might keep 50% CGT discount for start-ups as Labor MPs insist budget is winning over young voters

Treasurer Jim Chalmers is considering letting innovative businesses keep the 50% capital gains tax discount, even as Labor's broader tax overhaul faces fierce backlash. Government MPs in marginal seats say young voters are actually giving them credit for trying to fix housing affordability.