Labor denies CGT reform will ‘kill startups’ as tech giant Canva warns of stifling innovation

AI Summary

Albanese and Chalmers say they remain in consultation with tech sector, but give no indication of winding back proposed changes or giving CGT concessions The founder of Australian startup success story Canva says the capital gains tax discount is critical to entrepreneurs launching new companies, heaping more pressure on the Labor government to reconsider its budget changes which critics warn could stifle innovation. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

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