The Albanese government’s budget changes will put a handbrake on innovation by giving Australia “one of the least competitive capital gains tax rates in the developed world”.
ANU economist Professor David Stern, who joined startups and business groups in urging the government to limit the changes to residential property, says the changes will discourage innovative businesses being founded in Australia.
Tax discounts on realised capital gains will be tied to …
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Log in here
Do you know more? Contact James Riley via Email.