BEN SIMAI · LINKEDIN
Albo wants to retire the 50% CGT discount.
Instead he'll introduce inflation-adjusted indexation, plus a 30% minimum tax on realised gains which he says is about fairness.The startup and finance ecosystem have a lot of strong opinions on this.
I'm curating what they're saying about it, technical, funny, even rogue posts. Enjoy.
The government wants to increase home ownership. But life is tough for many new homeowners
Amin Hasani/Unsplash On Tuesday, the Albanese government struck a deal with the Greens to allow sweeping changes to negative gearing and the capital gains tax discount to pass parliament. The government has consistently asserted it is sharply focused on helping more Australians…
Read original →Is it really worth getting on the pension just to avoid Labor’s new capital gains tax?
SHVETS production/Pexels Recent news articles have floated the idea some retirees might try to sidestep the government’s new minimum capital gains tax (CGT) by qualifying for as little as A$1 of the age pension. That’s because under the government’s proposed tax reforms, people…
Read original →Tall Poppy Syndrome finally made its way into law.
Read original →Jack Dalton on Substack
If you work at a business that you own equity in, that equity should be treated differently to investments in the share market or properties. You might have equity because you started the business, because your company is a co-operative or it may be part of your compensation for taking a below market salary in a risky early stage business. The thing that is true across all three is that the outcome of your work directly influences the value of your equity. This should be taxed differently to speculative investments in the ASX or a 4th investment property.
Read original →I spent five years in VC. The hysterical CGT response misses the point.
Tech’s loudest voices say capital gains tax reform will stifle innovation. But founders also need local capital, affordable housing and room to take risks.
Read original →I spent five years in VC. The hysterical CGT response misses the point.
Tech’s loudest voices say capital gains tax reform will stifle innovation. But founders also need local capital, affordable housing and room to take risks.
Read original →The changes to CGT are still problematic, but here’s why it’s not the end of the world for startups
CGT pain won’t trigger a founder exodus, but fuzzy carve-outs will. Get a 2027 valuation, rethink ESOPs and use ESIC now.
Read original →Startup founders scramble for a seat at Chalmers’ table for talks over CGT carveout
Jim Chalmers has opened the door to negotiations with the startup sector over changes to CGT. The question now is who walks through it.
Read original →ASX set for wave of passive money as countdown to CGT change begins
Changes to capital gains tax don’t kick in for another year, but the impact is expected to be felt on the sharemarket much sooner.
Read original →This budget punishes young Australians trying to build something
Young Australians need a credible path to wealth. Instead, this budget protects existing property owners and taxes risk-taking harder.
Read original →Australia needs serious tax reform. The current Capital Gains Tax proposal gets parts of that right. A fair system should support workers, help younger Australians get ahead, and encourage productive investment over passive speculation.
Read original →