Opposition Leader Angus Taylor has probed Prime Minister Anthony Albanese on the scale of Labor’s CGT reforms.

“Can the prime minister name a single country that will have a higher tax rate on real capital gains than Australia?” Taylor asked during Question Time on June 22.

Albanese did not answer directly, but focused on the process of bringing forth the legislation.

“Well, on budget, no. We’ve made it very clear that we pushed out the Treasury Discovery Paper, it was all there for all to see, but of course, for those who were busy hyperventilating and saying they were opposed to things before they even saw legislation, they didn’t look at that detail,” Albanese said.

“We outlined that the implementation would happen in steps, far less steps than happened the last time that there was major tax reform way back under the Howard government, something like 30 separate pieces of legislation.

“So, what we’ve done is to continue to consult, we will continue to do that on small business, on top of retaining all four of the existing capital gains tax concessions for small businesses.”

The government’s proposed changes will replace the current 50 percent CGT discount on the profit from the sale of an investment, and instead, replace it with a 30 percent flat tax on the entire profit along with inflation adjusted gains.

Labor has pitched the move as helping prospective home owners or renters by pushing investors away from the property market.

Amid ongoing pressure from the business community, Labor will retain small business CGT concessions.

During Question Time, Albanese reiterated his announcement last week to lift the revenue threshold for small businesses to receive the CGT discount, from $2 million to $10 million.

That is estimated to expand coverage to about 98 percent of active businesses.

Taylor pushed again asking: “I asked whether a single country will have a higher real capital gains rate than Australia.”

To which Albanese responded, “What we’ve done is what we said we'd do on the budget night.”

Meanwhile, independent MP for Fowler Dai Le pushed the government on whether any MPs or relatives had prior knowledge of the tax changes to their benefit before they were made public—suggesting some may have sold off investment properties in advance to cash in.

The Speaker of the House Milton Dick asked Le to rephrase the question due to the question containing potential “arguments,” “insults,” “inferences,” or “imputations.”

After it was asked again, Albanese responded—amid several points of order—talking about spending time in western Sydney “advocating for the interests of the people there.”

“I make this point that around 65,000 taxpayers in Fowler will benefit from the WATO [the $250 Working Australians Tax Offset], when it comes to student debt relief 24,000 people benefitted, there’s been 3.4 million cheaper [pharmacy] scripts in the electorate of Fowler.

“The Liverpool Medicare Urgent Care Clinic ... has received 19,900 visits, and there are now 86 fully bulk-billed practices.”