Since the budget, the start-up sector has been in open revolt. Eulogies for Australian ambition have been penned, threats issued to flee and incorporate in New Zealand and Singapore, and heroic LinkedIn thought leadership posted, casting the founder’s tax bill as a national emergency.At large, the meltdown worked. After a Senate inquiry last week, the government announced it will keep the 50 per cent discount for “innovative” start-ups – founders, investors, and employees alike – capped at $10 million a person.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
We run a start-up. Founders should stop their hysteria about CGT
Founders are the wrong martyrs in the fight against the changes to capital gains tax. Most of the backlash is just self-interest in a superhero cape.
102 words~1 min read
