Why did Anthony Albanese and Jim Chalmers backflip on capital gains tax reforms announced in 2026 federal budget?

After the most bruising five weeks of his prime ministership, Anthony Albanese has announced four big - and very complicated - changes to the controversial capital gains tax and death tax measures in the Budget - but will it be enough to quell the fury of young investors and entrepreneurs who feel the government’s let them down?

After the most bruising five weeks of his prime ministership, Anthony Albanese has announced four big - and very complicated - changes to the controversial capital gains tax and death tax measures in the Budget - but will it be enough to quell the fury of young investors and entrepreneurs who feel the government’s let them down?

Read more about this story at theaustralian.com.au and see the video by subscribing to our YouTube channel.

Winners and losers as government overhauls small business tax breaks after industry backlash

Backflips and backdowns: what you need to know about the budget changes

Commentary by Judith Sloan: Labor’s tax reform teaches a masterclass in incompetence

This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Tiffany Dimmack. Our team includes Lia Tsamoglou, Joshua Burton and Jasper Leak, who also composed our music. 

After the most bruising five weeks of his prime ministership, Anthony Albanese has announced four big - and very complicated - changes to the controversial capital gains tax and death tax measures in the Budget - but will it be enough to quell the fury of young investors and entrepreneurs who feel the government&rsquo;s let them down?
Read more about this story at&nbsp;<a href="http://theaustralian.com.au">theaustralian.com.au</a> and see the video by subscribing to our <a href="https://m.youtube.com/playlist?list=PLfDC8EeZJyt1IVjv5bCRbFBkTl-VYpJyf">YouTube channel</a>.
<a href="https://www.theaustralian.com.au/nation/politics/winners-and-losers-as-government-overhauls-small-business-tax-breaks-after-industry-backlash/news-story/af37dd39cae4d430f0e9e3ba50f45365">Winners and losers as government overhauls small business tax breaks after industry backlash</a>
<a href="https://www.theaustralian.com.au/nation/backflips-and-backdowns-what-you-need-to-know-about-the-budget-changes/news-story/69d04b35c5d99096fb92f9ab7eaf6b9b">Backflips and backdowns: what you need to know about the budget changes</a>
Commentary by Judith Sloan:&nbsp;<a href="https://www.theaustralian.com.au/nation/politics/labors-tax-reform-teaches-a-masterclass-in-incompetence/news-story/5654c7c058dbc054bcd00bc0f0bac7c1">Labor&rsquo;s tax reform teaches a masterclass in incompetence</a>
This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Tiffany Dimmack. Our team includes Lia Tsamoglou, Joshua Burton and Jasper Leak, who also composed our music.&nbsp;

The Front brings the unrivalled journalism of Australia's national broadsheet to audio, featuring behind-the-scenes insight from our newsrooms.

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories, journalists’ candid take on the issues that matter and behind-the-scenes insight from our newsrooms. 

To find out more about The Front you can link here and for more from the newsroom at The Australian link here or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia&rsquo;s national broadsheet to audio, featuring each day&rsquo;s essential page one stories, journalists&rsquo; candid take on the issues that matter and behind-the-scenes insight from our newsrooms.&nbsp;
To find out more about The Front you can link <a href="https://www.theaustralian.com.au/nation/the-front/podcast/7e7d42e8c77b597cf8532d2e0c847e10">here</a> and for more from the newsroom at The Australian link <a href="https://www.theaustralian.com.au/">here</a> or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories.

The Front

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories, journalists’ candid take on the issues that matter and behind-the-scenes insight from our newsrooms.

To find out more about The Front you can link here and for more from the newsroom at The Australian link here or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia&rsquo;s national broadsheet to audio, featuring each day&rsquo;s essential page one stories, journalists&rsquo; candid take on the issues that matter and behind-the-scenes insight from our newsrooms.
To find out more about The Front you can link <a href="https://www.theaustralian.com.au/nation/the-front/podcast/7e7d42e8c77b597cf8532d2e0c847e10">here</a> and for more from the newsroom at The Australian link <a href="https://www.theaustralian.com.au/">here</a> or search for The Australian in your app store.

Albo’s Pauline-powered backflip

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/847025c9-c9ba-4dc8-a67a-b46d009c849d/transcript