VC investors fear they’ll be left out of CGT carve-out for start

The Albanese government’s innovation adviser, Tesla chairwoman Robyn Denholm, has told start-ups to stop whingeing about tax changes and focus on artificial intelligence, as venture capitalists grow increasingly concerned they will be excluded from any concessions for start-ups that these early-stage investors fund.

Treasury officials are privately consulting the Australian Investment Council and the Tech Council of Australia about how to create a fair capital gains tax system for start-up founders, employees and investors under Labor’s new tax plan.

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