Albanese Probed on Whether Australia Now Has Highest CGT Rate Globally Opposition Leader Angus Taylor questioned Prime Minister Anthony Albanese regarding the extent of Labor’s capital gains tax (CGT) reforms. Taylor specifically asked if Australia would possess a higher tax rate on real capital gains than any other country. Prime Minister Albanese did not directly answer the question, instead focusing on the legislative process and the availability of the Treasury Discovery Paper.

• Opposition Leader Angus Taylor questioned Prime Minister Anthony Albanese on the scale of Labor’s CGT reforms.
• Taylor asked if Australia would have a higher tax rate on real capital gains than any other country.
• Albanese did not provide a direct answer, instead highlighting the Treasury Discovery Paper.