Labor MPs expect eventual concessions for startups after backlash to CGT changes
Labor MPs are anticipating potential concessions for startups following backlash against recent capital gains tax changes. Some MPs are urging clearer communication from leaders Anthony Albanese and Jim Chalmers regarding the tax reforms. Concerns have been raised about the impact of these changes on startups and the need for better public understanding.
- ▪Labor MPs expect the government will agree to capital gains tax concessions for startup businesses after backlash to the budget.
- ▪Several MPs are engaging directly with the treasurer's office to discuss potential tweaks to the CGT changes.
- ▪The CGT changes have faced strong opposition from tech founders and small business owners, prompting a social media campaign against them.
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Some Labor MPs say a clearer explanation of the tax changes in the budget are needed from Anthony Albanese and Jim Chalmers, pictured. Photograph: Lukas Coch/AAPView image in fullscreenSome Labor MPs say a clearer explanation of the tax changes in the budget are needed from Anthony Albanese and Jim Chalmers, pictured. Photograph: Lukas Coch/AAPTaxLabor MPs expect eventual concessions for startups after backlash to CGT changesSeveral MPs tell Guardian Australia they are keen to see tweaks, and some are engaging directly with treasurer’s office Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Josh Butler and Krishani DhanjiThu 21 May 2026 20.00 EDTLast modified on Thu 21 May 2026 20.18 EDTSharePrefer the Guardian on…
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