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Australia PM says One Nation surge shaped budget tax changes

politicsJun 5, 202621309

Prime Minister Anthony Albanese says One Nation's surge directly shaped his budget decision to overhaul negative gearing and capital gains tax. The reforms in this year's federal budget change negative gearing rules and the capital gains tax regime to tackle housing affordability. Albanese said he is not critical of One Nation voters even as he adjusts Labor policy in response to the party's rise. The shift matters because altering investor tax settings could change home prices, buying incentives and the political landscape ahead of the next election.

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