Treasurer says sticking with tax system would be ‘unacceptable’

AI Summary

Australia's Treasurer Jim Chalmers has criticized the current tax system, describing its maintenance as 'unacceptable.' This statement follows the recent confirmation of changes to capital gains tax and negative gearing in the federal budget.

Treasurer Jim Chalmers says sticking with the current tax system would be “unacceptable” after the federal budget confirmed changes to capital gains tax and negative gearing.