The Age
·general
·2 hours ago
Startup founder says capital gains tax changes unfairly hurt entrepreneurs versus investors
An Australian startup founder argues the federal budget's removal of capital gains tax concessions unfairly penalizes entrepreneurs compared to investors. The founder calculates that a $10 million exit after five years nets only $470,000 after taxes and opportunity costs, questioning whether Australia truly backs its next generation of unicorns.
Summary by Glance · The Age
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