16 April 2026

“The Albanese government has betrayed the Australian community by seeking to introduce new taxes they ruled out at the last election, and all because they can’t control their spending addiction that is fueling inflation and feeding corruption”, said Shadow Treasurer, Tim Wilson today.

Mr Wilson’s comments mark the launch of the “Not the Tax we voted for” campaign (www.notthetax.com.au), which includes its first billboard on the Nepean Highway in Melbourne. The Billboard highlights that with up to $30 billion of unaccounted for public money given to organised crime through the CFMEU-Labor cartel, and the refusal of the Albanese government to audit how much came from the Commonwealth – higher taxes are just feeding corruption.

The campaign highlights growing concern that Labor is preparing to impose new taxes on housing, investment and family savings because it can’t stop its spending addiction.

“Australians deserved transparency and honesty when it comes to major changes to the tax system and Jim Chalmers ruled it out as something before the last election”, Mr Wilson said.

“Australians didn’t vote for these taxes at the last election and the Albanese government specifically ruled them out”, Mr Wilson said.

The campaign draws attention to a series of proposed and foreshadowed measures, including:

• A new housing tax through changes to capital gains
• A new rental tax through changes to negative gearing
• A new family savings tax targeting trust structures

Shadow Treasurer Tim Wilson said the measures would do nothing to ease cost of living pressures, risk making housing affordability worse and harm small business.

“When the Budget is rife with fraud and corruption from the NDIS, CFMEU, home care and childcare how can the government ask Australians to pay higher taxes, and not stop the corruption”, Mr Wilson said.

“Higher taxes on housing won’t make it more affordable. They will reduce supply, push up rents, and make it harder for Australians to get ahead and to finance fraud and corruption.”

“Government spending is fueling inflation, and the government wants more taxes to pout more debt petrol on the inflation fire”, Mr Wilson said.

The campaign also highlights concerns about the broader economic impact of the proposed changes, particularly on investors, small businesses and families.

“It punishes people who have worked hard, saved and invested, and it creates more uncertainty at a time when confidence is already low.”

Shadow Treasurer Tim Wilson said significant changes to the tax system should be taken to the Australian people before being implemented.

“Australians deserve a say before they are asked to pay more”, Mr Wilson said.


ENDS