Australia’s economy faces ‘profound implications’ amid Labor’s CGT overhaul

Square Peg Co-Founder and Partner Paul Bassat says Labor’s capital gains tax overhaul will have “profound implications” on the Australian economy.

“It certainly suggests that there hasn’t been a lot of thought, a lot of consultation into a policy that’s going to have a fundamental impact on job creation and incentives for small business people,” Mr Bassat told Sky News Australia.

“It has profound implications for the Australian economy.”