Tax reform chatter is heating up, but action remains cautious. Beyond small personal tax cuts and the 15% levy on big super balances, the government is weighing intergenerational equity. That could mean revisiting negative gearing, CGT discounts, trusts, and super concessions—issues often benefiting older, wealthier Australians. With Millennials now outnumbering Boomers, community sentiment may push changes. Businesses should also watch possible tweaks to investment incentive

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Federal Budget 2023/24: Changes to business and personal taxation, superannuation, and social security entitlements.