JACQUES GREEFF · 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.
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 →This chart tells you everything you need to know about the downturn in property prices
With national property values down by 5.2% in September from their March peak, Australia’s housing market is in a distinct downturn. This has sparked concerns voiced by Opposition Leader Angus Taylor of a housing market “in freefall”. Translated into dollar terms, using the Doma…
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 →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 →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 →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 →