Tag: capital gains tax

Chalmers offers innovation investors wider CGT carve out

Posted on   |  by Joseph Brookes
Treasurer Jim Chalmers has backed down on several parts of an innovation carve out from his capital gains tax overhaul, including removing a lifetime cap on the discount investors...

Economic Accelerator’s axing to cause ‘years’ of disruption

Posted on   |  by David Allen
Innovation activity has slowed following the unexpected closure of the Australian Economic Accelerator, according to technology transfer professionals, with startups needing clarity about the government’s next moves. Founders are...

Property drives sharp decline in entrepreneurial base: CEDA

Posted on   |  by David Allen
Australia’s entrepreneurial base is shrinking, and the decline is sharpest among the wealthiest households that are ironically best placed to start a business, new CEDA data analysis has found....

No modelling on startup impact before CGT overhaul

Posted on   |  by David Allen
Treasury cannot pinpoint any modelling conducted before the federal budget on how capital gains tax reforms would affect startups, in the latest sign the federal government rushed the sweeping...

Tech sector unites to lash Chalmers’ CGT carve out plan

Posted on   |  by Joseph Brookes
Treasury’s planned tax concession for innovative companies from capital gains tax changes won’t be enough to stop founders and investors heading offshore, an alliance of tech leaders and industry...

Greens deal clears path for CGT overhaul

Posted on   |  by Justin Hendry
Controversial changes to the capital gains tax discount are set to pass parliament as soon as Thursday after the Albanese government struck a deal with the Greens in exchange...

CGT carve out tied to long-term innovation

Posted on   |  by Joseph Brookes
Only startups that can satisfy strict innovation criteria will be eligible for a partial carve out from changes to the capital gains tax discount, while 10-year age and $50...

Calls for startup CGT carve-out get louder in Senate probe

Posted on   |  by David Allen
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...