Labor to introduce controversial tax reform to parliament; Housing minister to reveal plan for kit homes, Government to sue global company over PFAS contamination in ‘largest legal claim ever’

In case you need a summary, the tax reform package includes changes to capital gains taxes and negative gearing, as well as a $250 tax offset for employees and a $1,000 deduction for work expenses.

Chalmers said one half of the tax reform will help fund the other half.

This is the first tranche of tax reform legislation.

The government will introduce a second tranche of legislation later this year that will include the actual design of the legislation.

“For too long, governments have turned a blind eye to a broken status quo,” Chalmers said.

‘A status quo that is unfair to the people and unproductive to our economy.

“We’re not just recognizing this, we’re taking action to fix it.”