Federal budget: Labor bets on housing and overhauls CGT discount
Labor’s federal budget is one of the most significant in years regarding tax reform. The government is betting big on housing affordability by proposing an overhaul to negative gearing and capital gains tax — a decision that’s faced heavy criticism from the startup and VC sector.
We discuss:
The core elements of the federal budget.
The surprising attention given to startups in the budget announcement.
Why founders and venture capitalists are concerned about the 50% capital gains tax discount being axed across asset classes.
The threat of founders relocating to lower-tax jurisdictions.
How…
The skinny
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