May 21, 2026 – 1.39pmSGH chief executive Ryan Stokes says the tax reform unveiled in the federal government’s budget punished aspiration, failed to boost the economy, and warned it would force more businesses to invest overseas instead of in Australia.“It does punish aspiration, and it generally ignores productivity,” said Stokes, who has joined a growing backlash by business leaders and investors who are against the Albanese government’s proposed tax reforms “It ultimately grows debt, and I don’t think it serves the country.”Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
SGH’s Ryan Stokes blasts budget tax reform as ‘punishing aspiration’
SGH’s chief executive Ryan Stokes has criticised the tax reform unveiled in the federal budget and said it has prompted a rethink in his company’s strategy.
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