Jim Chalmers lobbies Trump administration on potential ‘revenge tax'
Treasurer Jim Chalmers has lobbied his US counterpart to address a so-called 'revenge tax' that could smash Australian super funds and investors.
The tax is part of US President Donald Trump's 'One Big Beautiful Bill', which is currently before the US Congress, and has sparked fears among Australian investors, businesses, and shareholders.
Mr Chalmers held a phone call with US Treasury Secretary Scott Bessent to raise the concerns directly with him on behalf of Australia's business sector.
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