The federal budget won’t be handed down until May 12, but it’s already shaping up to be the biggest – outside a crisis – in decades. Significant tax changes are coming for property and share investors, electric car drivers and the beneficiaries of more than 818,000 discretionary trusts.
Prime Minister Anthony Albanese says the changes are needed to make Australia fairer. “For many young people, they feel like they haven’t got a fair crack compared with my generation and the generations beforehand,” he says. Here is a rundown of what we know so far.
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