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Labor walks tightrope as tax overhaul alarms startups and investors
Key takeaways
- The PM says the government is consulting on how to ensure tax changes do not disproportionately hurt startups and venture capital.
- Labor MPs say many Australians have responded positively to housing tax reforms, but there is concern that changes to capital gains tax and discretionary trusts will become a tough sell.
- Uncertainty around the tax measures is fuelling opposition among some young investors and business owners, while the Coalition says Labour is trying to freeload off entrepreneurs.
Why this matters: an international story with cross-border implications worth tracking.
The PM says the government is consulting on how to ensure tax changes do not disproportionately hurt startups and venture capital. (ABC News: Matt Roberts)
Labor MPs say many Australians have responded positively to housing tax reforms, but there is concern that changes to capital gains tax and discretionary trusts will become a tough sell.
Uncertainty around the tax measures is fuelling opposition among some young investors and business owners, while the Coalition says Labour is trying to freeload off entrepreneurs.
Article preview — originally published by ABC Australia. Full story at the source.
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