The CGT Backflip Nobody Saw Coming — What It Means For Your Business

The Albanese government just back-flipped on the capital gains tax changes — but most accountants and business owners still don't realise what actually changed. The cap moved from $2 million to $10 million revenue. Under $10M and you still get the 50% CGT discount. Over $10M and you're on the new rules. We break down exactly what that means, why nothing is law yet, why you still can't plan around it, and what's pushing Labor into this corner: Pauline Hanson just raised $4.5 million off a single "Fire the Liar" campaign, One Nation is leading in the polls, and the Victoria state election in a few months is shaping up as a referendum on the whole budget. What you'll take away: The actual mechanics of the CGT back-flip: $10M revenue cap, who's in, who's out Why the 5% minimum trust tax is still on the table for July 1 — and what's coming at year-end The "Fire the Liar" campaign that just out-fundraised the major parties Why the Victorian and NSW state elections are now the leading indicator for the next federal Why the 4.75% minimum wage hike just wiped 50% off a cafe owner's entire year of profit The real question business owners should be asking: "do the values of this country still align with mine?" New episodes every week — markets, macro, and the stuff the mainstream won't say out loud. Subscribe and hit the bell so you don't miss the next one. Website: https://andrewromano.com.au Disclaimer: General commentary and opinion only. Not financial, tax, legal or investment advice. Tax measures discussed are based on announcements and proposals — nothing is law yet and details will change. Always do your own research and speak to a licensed adviser before acting. #CapitalGainsTax #AustralianBudget #SmallBusiness #FamilyTrusts #OneNation #PaulineHanson #AustralianPolitics #MinimumWage #TaxPlanning #AustralianEconomy