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AustraliaEconomyOverlooked from the right4 days ago

Tax reform has winners and losers. Business makes an ugly loser

An article discussing Australia's proposed tax reforms highlights the business community's opposition, particularly focusing on concerns raised by groups such as the Business Council of Australia and the Australian Chamber of Commerce and Industry. These organizations argue that increasing taxes on capital gains for businesses could harm the economy, though economists have refuted these claims.

For all the talk about investment and risk, at the end of the day, this is simply about paying less tax — I know it, you know it, even they know it.

Jun 17, 2026

4 min read

Fund manager Geoff Wilson (Image: Wilson Asset Management)

This week’s inquiry into the government’s proposed tax reforms became something of an “Airing of Grievances” for the business lobby, in which its members bemoaned that making business sellers pay slightly more tax on their capital gains was going to ruin the economy — claims that economists easily debunked.

The Business Council of Australia, the Australian Chamber of Commerce and Industry, and the Council of Small Business Organisations Australia (or “BCAACCICOSBOA” for short) told us how they really felt, with a joint statement demanding the reforms be stopped.

Read the full article at Crikey →
Source document: Business Council of Australia

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CrikeyIndependentLeft4 days ago
Tax reform has winners and losers. Business makes an ugly loser

An article discussing Australia's proposed tax reforms highlights the business community's opposition, particularly focusing on concerns raised by groups such as the Business Council of Australia and the Australian Chamber of Commerce and Industry. These organizations argue that increasing taxes on capital gains for businesses could harm the economy, though economists have refuted these claims.

Bias read (Left): The article frames the business lobby's opposition to tax reforms as exaggerated and economically unfounded, citing economists who 'easily debunked' their claims. The tone suggests skepticism toward the business groups' arguments without giving them equal weight or presenting counterarguments from a

Official sources cited

  • organisation Business Council of Australia
  • organisation Australian Chamber of Commerce and Industry
  • organisation Council of Small Business Organisations Australia

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  • organisationBusiness Council of Australia
  • organisationAustralian Chamber of Commerce and Industry
  • organisationCouncil of Small Business Organisations Australia