SMH
·general
·2 hours ago
Startup founder says capital gains tax changes unfairly penalize entrepreneurs over investors
An Australian startup founder argues the federal budget's removal of capital gains tax concessions unfairly penalizes entrepreneurs while rewarding investors. The author calculates that after taxes and opportunity costs, a founder's $3 million exit proceeds may yield only $470,000 in real economic reward. He calls for founder-specific tax settings and a dedicated advocacy body to support Australia's startup ecosystem.
Summary by Glance · SMH
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