Jun 16, 2026 – 1.03pmFormer Treasury official and tax law professor Miranda Stewart has questioned the claim that changes to the capital gains tax will force start-up founders’ businesses overseas in search of more favourable tax regimes.Appearing at the two-day Senate inquiry into Labor’s proposed tax changes on Tuesday, Stewart argued that capital is mobile, but people may not be, and that while empirical evidence shows some people move in response to tax changes, the majority do not.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Majority of founders won’t leave Australia over CGT, Senate told
Appearing at the Senate inquiry into Labor’s proposed tax changes, academic Miranda Stewart argued that capital is mobile, but people may not be.
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