CANBERRA, ACT, June 30 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: capital gains tax reforms, housing market, 1 July cost of living relief
Natalie Barr:
Politicians driving to and from Canberra Airport are going to be met with a billboard blitz which is slamming the federal government's Budget tax reforms as a tax on ambition. The billboards say, 'Getting ahead just got taxed. Side hustle? Investing in crypto? Starting a small business? Your ambition is punished with the proposed capital gains tax changes'.
Joining us now to respond is Treasurer Jim Chalmers. Good morning to you.
Jim Chalmers:
Good morning, Nat.
Barr:
Your Budget will see Australians pay one of the highest capital gains tax rates i...