May 26, 2026 – 8.00pmCanva co-founder Cliff Obrecht and NextDC chief executive Craig Scroggie are the latest business leaders to call on the government to rethink its decision to replace the 50 per cent discount on capital gains with an inflation indexation model, arguing it will kill innovation and risk-taking in Australia.Their comments came as economists who broadly support Labor’s overhaul of CGT urged the government to fix flaws in the policy that would overtax sharemarket losses and one-off profits, amid growing angst that the budget changes will deter investment in new ASX listings and capital raisings.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Tech chiefs join growing calls for Labor to revisit CGT decision
Canva’s Cliff Obrecht and NextDC’s Craig Scroggie say the changes will kill innovation. Meanwhile, Labor’s CGT backers want fair treatment for real losses.
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