JAMES SMITH · 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.
Can tighter rules on short-stay rentals help the long-term market?
There is a crisis of rental housing across Australia. Areas in major cities and regional Australia alike are facing extremely low rental stock and record high rents. Many cities around the globe have cracked down on platforms such as Airbnb and Stayz to try and deal with the ove…
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 to increase home ownership. But life is tough for many new homeowners
Amin Hasani/Unsplash On Tuesday, the Albanese government struck a deal with the Greens to allow sweeping changes to negative gearing and the capital gains tax discount to pass parliament. The government has consistently asserted it is sharply focused on helping more Australians…
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 →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 →How Australia’s new negative gearing rules might accidentally favour some property investors
Jakub Żerdzicki/Unsplash For the best part of a century, Australian property investors have enjoyed a generous tax arrangement found in few other countries: the infamous “negative gearing”. Now, sweeping reforms to limit negative gearing to new builds and also change the way cap…
Read original →Fintechs face an ‘existential threat’ that excludes them from the CGT fix for startups
Canberra’s startup CGT fix could kneecap fintech, leaving founders in tax limbo. See why FinTech Australia wants the rules rewritten.
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 →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.
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