Owners of the small business News Corporation are applauding the Albanese government today, after it was announced they would receive carve-outs in the new CGT changes.
In a dual announcement, the government declared small business owners would be exempt from the changes to the capital gains tax, and also that a “small business” now meant any company with fewer than 10,000 employees.
Since the carve-out, Albanese and Chalmers have been hailed as heroes of the working class by the Murdoch Press.
“These CGT changes were going to kill us, a small business with only 10,000 employees!” said a spokesperson from News Corp.
Exemptions were also granted to startup companies, including Hancock Prospecting, due to the fact that they were, at some point in history, starting up.
