Business leaders warn the Federal Budget’s CGT proposals would harm investment, jobs, and Australia’s appeal to global capital due to poor consultation and flawed design. They urge withdrawal and redesign, or adoption of five fixes: prospective application, balanced gains/losses treatment, no minimum CGT rate, income averaging, and higher small business thresholds. They argue reforms should be fair, simple, and revenue-neutral, paired with lower income taxes to boost competitiveness. Read their bill here.