Small businesses fear budget changes will take profits
Small business owners are expressing concerns over proposed changes to capital gains tax in the budget. They fear that these changes could significantly reduce their profits and hinder future innovation. The potential impact of these tax adjustments is causing anxiety among start-up founders.
- ▪Start-up founders are worried about capital gains tax changes.
- ▪There is a belief that these changes could reduce profits.
- ▪Business owners fear that innovation may be stifled due to financial constraints.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.