The Age assesses PM Malcolm Turnbull's "innovation statement" tax changes:
"The new tax changes are also grossly inequitable in their impact. Capital gains in business investments are made overwhelmingly by wealthy taxpayers who are usually wealthy, savvy investors. To put it bluntly, there is plenty in this package for investment bankers and venture capitalists but not a lot for displaced workers in the suburbs and towns of Australia, or the 200,000 workers who will lose their jobs when the auto makers start closing from next year."
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