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Labor could ‘double' capital gains tax rate

Labor could ‘double' capital gains tax rate

Sky News AU6 days ago
Former assistant Treasury secretary David Pearl says Australians should expect higher taxes under the Labor Party.
'The outcomes will already be developed by now,' Mr Pearl told Sky News host Chris Kenny.
'Jim Chalmers and Albanese are from a school of political management that doesn't tolerate any spontaneity or any surprises or any real discussion in their so-called roundtable.
'We could see doubling of the capital gains tax rate … and we could also see negative gearing [changes].'
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Cambodia and Thailand agree to ceasefire talks after days of cross-border fighting
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Cambodia and Thailand agree to ceasefire talks after days of cross-border fighting

Your web browser is no longer supported. To improve your experience update it here Trump said earlier in the weekend that he had spoken with both Cambodian Prime Minister Hun Manet and acting prime minister of Thailand Phumtham Wechayachai in his efforts to restore peace. He also said he looked forward to concluding trade agreements with both nations, "once peace is at hand". The leaders of Cambodia and Thailand have agreed to meet for ceasefire talks after days of cross-border violence. (CNN) "Both Parties are looking for an immediate Ceasefire and Peace," Trump wrote. "They are also looking to get back to the "Trading Table" with the United States, which we think is inappropriate to do until such time as the fighting STOPS. "They have agreed to immediately meet and quickly work out a Ceasefire and, ultimately, PEACE!" In the early hours of Sunday morning (local time), Hun Manet thanked Trump and said that Cambodia agreed with "the proposal for an immediate and unconditional ceasefire between the two armed forces." It added that he had previously called for a ceasefire to ASEAN chair and Malaysian Prime Minister Anwar Ibrahim. A statement from Thailand's Ministry of Foreign Affairs was more measured, saying that Wechayachai wished to see "sincere intention from the Cambodian side" – but that he had also "requested President Trump to convey …that Thailand wants to convene a bilateral dialogue as soon as possible to bring forth measures and procedures for the ceasefire and the eventual peaceful resolution of the conflict." Bangkok and Phnom Penh have been fighting over territory disputed since colonial power France drew the border between them more than a century ago. The renewed deadly conflict pits longtime US ally Thailand, with decades of experience, against Cambodia's relatively young armed force with close ties to China. Clashes have continued into Saturday, according to officials on both sides. World Thailand War Cambodia Donald Trump CONTACT US Auto news: Why Australians are still driving around without insurance.

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