Brisbane Times
·general
·2 hours ago
Startup founder slams budget changes penalizing entrepreneurs more than investors
An Australian startup founder criticizes the federal budget's removal of capital gains tax concessions for entrepreneurs, arguing the tax system penalizes founders disproportionately compared to investors. The author contends that after accounting for forgone salaries and tax burdens, a founder selling a $10 million company receives minimal real economic reward, discouraging risk-taking needed for Australia's innovation economy.
Summary by Glance · Brisbane Times
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