DAVID HOGAN · LINKEDIN
Albo wants to retire the 50% CGT discount.
Instead he'll introduce inflation-adjusted indexation, plus a 30% minimum tax on realised gains which he says is about fairness.The startup and finance ecosystem have a lot of strong opinions on this.
I'm curating what they're saying about it, technical, funny, even rogue posts. Enjoy.
Jack Dalton on Substack
If you work at a business that you own equity in, that equity should be treated differently to investments in the share market or properties. You might have equity because you started the business, because your company is a co-operative or it may be part of your compensation for taking a below market salary in a risky early stage business. The thing that is true across all three is that the outcome of your work directly influences the value of your equity. This should be taxed differently to speculative investments in the ASX or a 4th investment property.
Read original →New, improved CGT rules for startups just dropped in Parliament, but there are still concerns about the R&D funding plan
Startup CGT relief gets smarter, but R&D cuts still bite and Senate horse-trading could rewrite the deal.
Read original →I spent five years in VC. The hysterical CGT response misses the point.
Tech’s loudest voices say capital gains tax reform will stifle innovation. But founders also need local capital, affordable housing and room to take risks.
Read original →The government wants trusts to pay a minimum 30% tax. What’s behind the changes?
Sarinyapinngam/Getty Images This week, the federal government introduced into parliament proposed changes to discretionary trusts, imposing a new minimum 30% tax rate on income from trusts. While these trusts can have legitimate uses, particularly for small businesses, they can…
Read original →Tall Poppy Syndrome finally made its way into law.
Read original →Parties may have competing tax visions, but paying for NZ’s future isn’t getting cheaper
Andrzej Rostek/Getty Images It may be taking a back seat to cost-of-living pressures, unemployment and the state of the economy, but tax was always going to be a hot issue in this year’s election. Labour is proposing a capital gains tax on investment property, while the Greens a…
Read original →This budget punishes young Australians trying to build something
Young Australians need a credible path to wealth. Instead, this budget protects existing property owners and taxes risk-taking harder.
Read original →Startup founders scramble for a seat at Chalmers’ table for talks over CGT carveout
Jim Chalmers has opened the door to negotiations with the startup sector over changes to CGT. The question now is who walks through it.
Read original →Australia needs serious tax reform. The current Capital Gains Tax proposal gets parts of that right. A fair system should support workers, help younger Australians get ahead, and encourage productive investment over passive speculation.
Read original →I spent five years in VC. The hysterical CGT response misses the point.
Tech’s loudest voices say capital gains tax reform will stifle innovation. But founders also need local capital, affordable housing and room to take risks.
Read original →Chalmers revises CGT rules for startups, but R&D funding concerns remain
Feedback from the tech sector has been taken on board, but it still may not be smooth sailing. The post Chalmers revises CGT rules for startups, but R&D funding concerns remain appeared first on SmartCompany.
Read original →Independent MP Allegra Spender fights the government’s startup CGT changes in Parliament with a simpler Plan B
Spender torches Labor’s Kafkaesque startup CGT maze, pushing a simpler 40% active-asset discount for risk-takers.
Read original →