JON WILLIAMS · 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.
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 →Tall Poppy Syndrome finally made its way into law.
Read original →As home loan applications drop, the big four banks face a growing challenge from Macquarie
Over the past week, all four of Australia’s biggest banks have reported falls of between 12% to 20% in new home loan applications since the May federal budget. After announcing it would keep interest rates on hold, the Reserve Bank confirmed demand for new home loans has “declin…
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 →Calls to tax billionaires are growing. Is there a better way to tax the rich?
Don Arnold/Getty Images Should billionaires pay more tax? Californians will vote for whether to introduce a billionaire tax in November. In the United Kingdom, economists recently called for a net wealth tax on assets over £10 million (about A$19 million). Australia may seem abs…
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 →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 →