Australia will remove the 50% capital gains tax discount for asset holdings exceeding 12 months starting July 1, 2027. It will instead adjust the cost basis for inflation and impose a minimum 30% tax rate on actual capital gains. The new rules apply to capital assets such as cryptocurrencies. The reform will be applied prospectively: gains generated before July 1, 2027 will still be calculated under the existing rules, while gains generated after that date will be subject to the new system. (Forbes)