Get all your news in one place.
100's of premium titles.
One app.
Start reading

FED:Greens demand tougher tax changes but support likely

Controversial tax changes in the budget are a "step in the right direction" but the Greens want the government to go further before pledging to give their support.

The progressive minor party's vote is crucial to Labor's hopes of getting legislation through the Senate, given the coalition has vowed to repeal the changes to investor tax breaks if elected.

While the government has faced significant blowback from small business owners and landlords over the changes to the capital gains tax discount and negative gearing, Greens economics spokesman Nick McKim said Labor hadn't gone far enough.

"Faced with a once in a generation opportunity to shift more of the tax burden onto super wealthy people, and in particular super wealthy property speculators, Labor blinked," he told ABC Radio on Friday.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.