There literally already are start up concessions in the budget, but if upping them makes them stop squealing, that’s a positive. Maybe tie it in with forcing them to actually read the budget.
LordWalderFrey1 on
This is how it works with the government, they slowly signal a change. For better or for worse they’ll probably water down the changes that do not involve property.
Stonp on
They’re right though, what about the small start ups?
It would’ve had a devastating effect if startup Australian business Afterpay was taxed at this rate when they sold for $39b 😒
All /s
harbourbarber on
This is excellent strategy by Federal Labor.
Put out a policy, ensure its open to negotiation, give some people what they want, everyone feels heard and supports the final decision, nailed it.
teddymaxwell596 on
Wow if only they’d done a heap of consulting beforehand to gauge people’s reactions to these CGT changes.
I’m actually supportive of the laws but if this reaction is a surprise to the government then it’s dumber at politicking then I thought. How could you not predict that every tech bro wasn’t going to have a meltdown over the change? If you are willing to concede on a policy like this and cop weeks of political heat then it shows your consultation skills are rubbish to begin with, and your ability to predict a reaction even worse.
EternalAngst23 on
Nevermind that 90% of small businesses will *still* be eligible for the 50% discount under the new tax regime. It’s a huge beat-up over nothing.
6 Comments
There literally already are start up concessions in the budget, but if upping them makes them stop squealing, that’s a positive. Maybe tie it in with forcing them to actually read the budget.
This is how it works with the government, they slowly signal a change. For better or for worse they’ll probably water down the changes that do not involve property.
They’re right though, what about the small start ups?
It would’ve had a devastating effect if startup Australian business Afterpay was taxed at this rate when they sold for $39b 😒
All /s
This is excellent strategy by Federal Labor.
Put out a policy, ensure its open to negotiation, give some people what they want, everyone feels heard and supports the final decision, nailed it.
Wow if only they’d done a heap of consulting beforehand to gauge people’s reactions to these CGT changes.
I’m actually supportive of the laws but if this reaction is a surprise to the government then it’s dumber at politicking then I thought. How could you not predict that every tech bro wasn’t going to have a meltdown over the change? If you are willing to concede on a policy like this and cop weeks of political heat then it shows your consultation skills are rubbish to begin with, and your ability to predict a reaction even worse.
Nevermind that 90% of small businesses will *still* be eligible for the 50% discount under the new tax regime. It’s a huge beat-up over nothing.