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.

Australia’s biggest business groups warn of an increasingly unpredictable tax system as the backlash against the capital gains tax overhaul continues.

Australia’s biggest investment firms are worried the capital gains tax changes will be enshrined in law before they have been given the chance to properly consult.