‘Structurally Sound’: Keating Backs Budget Former Prime Minister Paul Keating has defended the federal budget’s tax changes, particularly the capital gains tax reforms, deeming them ‘structurally sound’. He argued these changes are crucial for improving housing affordability. Keating dismissed concerns that the reforms would negatively impact businesses.

• Paul Keating defends federal budget’s tax changes.
• Capital gains tax changes are described as ‘structurally sound’.
• The reforms aim to make housing more affordable.
• Concerns about hampering businesses are dismissed by Keating.