PM leaves door open to discretionary trust tax changes | ABC NEWS

By ABC News (Australia)

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The budget is only 10 days old and the prime minister is already preparing to back down on a measure the Coalition has dubbed a "death tax". The reversal follows days of negative headlines about the budget, with small businesses and start-ups calling for carve-outs from another major tax change. National Affairs Correspondent Jane Norman explains. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-22/federal-politics-live-blog-is-linked-group-may-be-prosecuted/106709642 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

Tags: Australia, abc, abc news, news, anthony albanese, tax, trusts, trusts australia, cgt, capital gains tax, budget, federal budget, budget 2026 australia, budget backlash, budget australia, politics, australian politics, australia news, australian news

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