Doubling the capital gains tax rate for founders and employees in Australia makes it the highest in the world, at the precise moment we say we want a globally competitive technology sector. The signal to ambitious founders is unambiguous: go build your company somewhere else.I’ve spent the past six years helping the team at LaunchVic improve the competitiveness of the local start-up sector, and this single policy change destroys all that work.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Dear founders, the government now wants half your start-up
Capital is mobile and lifting capital gains tax to the highest level in the world will kill local productivity, innovation and jobs.
93 words~1 min read
