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Economists Offer Cautious Backing for Labors Tax Overhaul

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Economists Offer Cautious Backing for Labors Tax Overhaul
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Australian Treasurer Jim Chalmers addresses the National Press Club in The Great Hall in Canberra, Australia on May 13, 2026. Hilary Wardhaugh/Getty ImagesLabor’s tax overhaul of wealth creation vehicles has won cautious backing from some economists during a Senate committee examining the new laws.The Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, which has passed the lower house, is being scrutinised by the Senate Economics Legislation Committee.

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