ASH ROSSHANDLER · 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.
Chalmers expands startup CGT carve-out plan after industry feedback
The Albanese government has backed away from several of the most contentious aspects of a proposed capital gains tax carve-out for startups. The post Chalmers expands startup CGT carve-out plan after industry feedback appeared first on SmartCompany.
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 →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 →Why some US Republicans want to punish Australia over new charges for tech giants
Douglas Rissing/Getty Earlier this month, the federal government passed laws to encourage tech giants to pay Australian news businesses for journalism. This is known as the News Bargaining Incentive. For companies earning A$250 million or more in annual Australian digital advert…
Read original →Treasurer Jim Chalmers just dropped new draft laws on CGT for startups and there’s some good news
Chalmers softens startup CGT hit - 3-year hold, no $10m cap - but fine-print traps linger.
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 →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 →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 →