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flag Australian Treasurer seeks to balance budget by taxing wealthier beneficiaries and industries.

flag Australian Treasurer Jim Chalmers faces the challenge of balancing the federal budget amid productivity issues and industries exploiting tax loopholes. flag Potential solutions include reducing tax benefits for superannuation, capital gains, and negative gearing, and increasing taxes on trusts and the mining industry. flag The goal is to raise revenue from wealthier beneficiaries and undertaxed sectors without heavily impacting the majority, minimizing political risk.

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