Jun 19, 2026 – 8.00pmProposed concessions to the government’s capital gains tax reforms are overly complex and set the profit bar far too low to encourage innovative risk-taking and prolific investment, leading investors and entrepreneurs say.A day after Treasurer Jim Chalmers released details of planned carve-outs, following intensive lobbying from start-ups and private investment firms, some of the sector’s senior figures say they have failed to solve some of the main problems.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles