<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The federal government will consult all businesses, not just tech start-ups as was initially suggested, on its proposed tax reform.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Prime Minister Anthony Albanese confirmed broad consultation would take place as he outlined the process of how the capital gains tax and negative gearing changes would be introduced to parliament.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Treasury are going about consulting not just in tech, but consulting COSBOA, for example, ACCI, the Tech Council," he told reporters today.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/foreign-state-actor-hacked-parliamentarians-whatsapp-account/90e7f13c-a3eb-47bc-b5e0-afd669f4d9f1" rel="" target="_blank" title=""><strong><span>MP's WhatsApp account hacked by foreign power</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"There'll be a policy position paper for consultation produced as well after the first round of consultations. That was all foreshadowed there on budget night."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The legislation is set to go before parliament on Thursday and will tie the tax reform to </span><a href="https://www.9news.com.au/national/federal-budget-2026-government-unveils-250-dollar-tax-relief-minimum-tax-on-wealth-trusts/885f4657-b89b-431d-8f0d-330459a1dfe9" rel="" target="" title="the tax cuts"><span>the tax cuts</span></a><span> and $1000 standard deduction the government promised workers.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It will be debated and then go before the Senate in June. </span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/labor-to-consult-all-businesses-on-tax-reform-amid-criticism/79f86c1d-9221-4923-af9c-165ded2ed0f0" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Then, following a period of consultation, the government will introduce a second piece of legislation that contains the details of how the reforms will be implemented.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Albanese said it was the normal process and consultation couldn't occur before the proposed reforms were announced. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"If you go back and have a look at tax reform and the way that it's been implemented, this is the normal way," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/national-anti-corruption-commissioner-paul-brereton-resigns/f8edb336-e314-42c6-985e-9d82de74061b" rel="" target="_blank" title=""><strong><span>Corruption watchdog boss Paul Brereton resigns</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"When you are doing changes to tax policy, that begins on budget night.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"What you cannot do is go out there and sit down with people and say from budget night, this change is definitely going to occur in detail, because there are implications of that. That's called insider knowledge.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Because changes are dated from, in capital gains and from negative gearing from budget night, that is why you can't have the level of consultation that you want to see people coming forward in a common-sense way."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The government has been fielding criticisms from businesses who say they will be swept up in tax changes meant to address intergenerational inequity in the housing market.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/federal-budget-2026-aussie-business-owners-unite-against-pms-tax-reform/161fefc4-6127-4b59-a159-6c688e0c7dda" rel="" target="_blank" title='Forty entrepreneurs under 40 claimed the changes were an "ambition ambush"'><span>Forty entrepreneurs under 40 claimed the changes were an "ambition ambush"</span></a><span> while an </span><a href="https://www.9news.com.au/national/anthony-albanese-ai-meme-small-businesses-legal-warning/aafc16ad-9057-40ff-b332-e0bb9ef90076" rel="" target="_blank" title="AI social media trend"><span>AI social media trend</span></a><span> saw business owners mock Albanese.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Treasurer Jim Chalmers has said he did not expect to receive unanimous support for his controversial measures.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"They're the right thing to do for our economy. They're the right thing to do by first home buyers," he told reporters last week.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"They're the right thing to do for millions of Australian workers, who'll get another tax cut from this government."</span></div></div>