ABC News – Top stories
·general
·1 hour ago
Entrepreneurs warn against reducing CGT discount on shares
Australian tech entrepreneurs warned Monday that removing the capital gains tax discount on share sales would be "disastrous" for startups. Seek co-founder Paul Bassat said the change would prompt founders to leave Australia and hamper efforts to attract talent through employee share schemes. Treasurer Jim Chalmers is expected to announce the shift to pre-1999 inflation indexation in Tuesday's budget.
Summary by Glance · ABC News – Top stories
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