by Innes Willox, Chief Executive, Australian Industry Group

Published in The Australian on Tuesday 26 May 2026 as ‘Tax reform needed but attack on CGT, trusts is self-harm’

In the fortnight since the budget has become clear the proposal to increase the capital gains tax and alter the treatment of trusts will impact businesses of many sizes, sectors and shapes. Simply put, the proposals are fundamentally misguided and fatally flawed.