May 19, 2026 – 4.15pmAustralia’s changes to capital gains tax are gaining the attention of Silicon Valley’s biggest investors who warn the country risks making its tech sector less competitive, but a local investing veteran has blasted his rich peers for their greed in quibbling over tax.Hemant Taneja, the chief executive of San Francisco-based venture capital giant General Catalyst, said the furore over how GST changes would hit the tech sector showed how difficult it was for countries to compete for the top technology firms that could become future global giants, while solving broader economic issues.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘Move to Trumpistan then:’ Investor blasts his rich peers for tax greed
One of Silicon Valley’s biggest investors says CGT changes make Australia less competitive, but VC stalwart Daniel Petre says he is sick of rich people complaining about tax.
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