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AAP
AAP
Politics
Jacob Shteyman

Labor identifies businesses to be exempt from new tax

Labor capital gains
Jim Chalmers and Anthony Albanese have announced carve-outs to their government's tax reforms. (Dean Lewins/AAP PHOTOS)

A budget backlash has prompted Labor to announce new carve-outs for innovative firms from the capital gains tax, as well as a backdown on a minimum tax on testamentary trusts.

WHAT DID LABOR ANNOUNCE IN THE BUDGET?

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