‘Structurally Sound’: Keating Backs Budget

Keating said the tax reforms were necessary to make housing more affordable, dismissing concerns it would hamper businesses in the process.

Former Prime Minister Paul Keating speaks to the media during a press conference at the Barangaroo precinct, in Sydney, Australia, on Oct. 20, 2022. AAP Image/Bianca De Marchi

Former Prime Minister and Treasurer Paul Keating has come to the defence of tax changes in the federal budget, as a Labor premier says workers are still paying too much.

Keating said capital gains tax changes in the budget were “structurally sound”, despite concerns from business owners it could stifle investment.