Entrepreneur says the rich should stop complaining about tax changes
Entrepreneurs are voicing strong opposition to proposed changes to the capital gains tax that could negatively impact start-ups. Many founders argue that reducing potential returns for investors may deter funding for new businesses. The government is facing pressure to consider exemptions for start-ups amid concerns about the implications for innovation and job creation.
- ▪The federal government plans to replace the 50 percent capital gains tax discount with a cost-based indexation model.
- ▪Entrepreneurs fear that changes to capital gains tax could lead to lower returns for investors, reducing funding for start-ups.
- ▪There is speculation that the government may announce concessional treatment for start-ups in response to the backlash from the tech sector.
ABC News (Australia) publishes from Australia and files mainly under world. We currently carry 1,394 of its stories.
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| Original publisher | ABC News (Australia) |
| Canonical URL | https://www.abc.net.au/news/2026-05-23/tech-sector-onslaught-against-capital-gains-tax-changes-startups/106711046 |
| Publication time | Sat, 23 May 2026 02:04:09 +0000 |
| Retrieval time | 2026-05-23T02:27:24.350Z |
| Last seen | 2026-05-23T02:27:24.350Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | A70tVzEBGcNU |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Tech sector onslaught against proposed changes to capital gains tax could see start-ups carved outBy business reporter Nassim KhademTopic:TaxSat 23 May 2026 at 12:04pmSat 23 May 2026 at 12:04pmSat 23 May 2026 at 12:04pmRachael Wilde runs a multi-million-dollar beauty brand. (ABC News: Thorsten Joses)abc.net.au/news/tech-sector-onslaught-against-capital-gains-tax-changes-startups/106711046Link copiedShareShare articleThe federal government didn't really see it coming.It had expected a political fight in relation to its budget announcement to axe the 50 per cent capital gains tax discount in favour of a "cost-based indexation" model.But it hadn't expected a meme-fuelled backlash would come so strongly from the little guys — savvy young founders of small businesses and start-ups who took…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).