Taxing Innovation: The Government's Misguided CGT Changes The tech sector is up in arms over the government's planned changes to capital gains tax.
While the intention may be to increase revenue and level the playing field, the reality is that these reforms threaten to stifle innovation and entrepreneurship in Australia.
At first glance, the proposed changes seem minor: replacing the 50% discount on profits with cost base indexation and a minimum 30% tax rate.