Independent senator warns budget reform could drive tech investment offshore, as PM thanks startups for ‘very flattering’ images
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Anthony Albanese has laughed off an AI-generated meme campaign against capital gains tax changes from startup founders, thanking them for “very flattering” doctored photos of him working in their businesses.
But independent politicians representing some of Australia’s startup hotspots have raised alarm over the proposed increase to capital gains tax, warning the tax changes could see innovative companies and tech firms move overseas to chase higher rewards.
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SpaceX's IPO could reshape capital markets, drawing significant institutional funds and impacting tech investment dynamics globally.
The post SpaceX plans to file for IPO as soon as this week appeared first on Crypto Briefing.
‘He’s having a great time with his new 47% equity,’ one entrepreneur jokes, warning that some startups may leave Australia behind
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Tech entrepreneurs have mocked the government’s capital gains tax changes by posting AI-generated photos of Anthony Albanese as their “new founder” and warning that increased taxes could push people away from working for new businesses or send startups overseas.
Startups and entrepreneurs may yet receive a carve-out in the federal government’s planned changes to the CGT discount, with the prime minister saying he wanted to support innovation and the treasurer, Jim Chalmers, revealing that consultation was continuing with the sector.
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The post Australian Crypto Investors Face 30% Tax Floor Under CGT Overhaul appeared on BitcoinEthereumNews.com.
Felix Pinkston
May 15, 2026 06:51
Australia’s proposed CGT reforms could triple taxes for low-income crypto investors, impacting holding strategies and long-term wealth creation.
Australia’s federal government is proposing sweeping changes to its capital gains tax (CGT) rules that could heavily impact cryptocurrency investors. Announced in the 2026–27 Federal Budget, the reforms would eliminate the 50% CGT discount on assets held longer than 12 months and impose a 30% minimum tax on net capital gains starting July 1, 2027. Analysts warn this may triple tax liabilities for some low-income investors, reshaping trading strategies across the industry. Under the new system, the discounted CGT structure will be replaced by an inflation-indexed model. While this change theoretically shields investors from taxes on inflationary gains, crypto tax platform Koinly’s CE
Ackman's portfolio shift underscores a strategic bet on Microsoft's AI-driven growth potential, highlighting evolving tech investment dynamics.
The post Bill Ackman sells Google, buys Microsoft in portfolio shift betting on AI platform dominance appeared first on Crypto Briefing.
The post Is BTC Real Bitcoin? Self-Proclaimed Satoshi Craig Wright Breaks Down Key Difference appeared on BitcoinEthereumNews.com.
Known for his years of legal battles, Australian computer scientist Craig Wright – whose claim to being Bitcoin creator Satoshi Nakamoto was officially rejected by London’s High Court – is once again attempting to regain media influence. This time, the trigger was criticism of the leading cryptocurrency from billionaire Ray Dalio, who recently stated that central banks around the world are unlikely to ever hold BTC on their balance sheets. For those who missed it, Dalio’s main concern is the absolute transparency and traceability of the blockchain. In his view, the public ledger makes transactions vulnerable to total surveillance and external monitoring, which runs against the interests of state regulators. Bitcoin or BTC? Craig Wright used this argument to promote his long-standing concept, proposing a strict separation between “BTC” and “Bitcoin”. Accordi
The post Australia Crypto Investors Face Possible CGT Tax Hike appeared on BitcoinEthereumNews.com.
Treasury may replace Australia’s 50% CGT discount with inflation indexation. Treasury estimates CGT concessions cost Australia AUD 21.8 billion yearly. Australia may limit negative gearing tax benefits to newly built homes under proposed reforms. Australia’s government is considering major changes to capital gains tax (CGT) and negative gearing ahead of Tuesday’s Federal Budget, sparking debate across the investment sector. During an appearance on Sky News, Treasurer Jim Chalmers said the proposed reforms seek to tackle housing affordability and “intergenerational unfairness”. However, critics argue the changes could increase taxes on shares, crypto, and investment properties. Australia May Replace 50% CGT Discount Treasury is reportedly considering reducing Australia’s 50% CGT discount or replacing it with an inflation indexation model. Under current rules, Australians who hold assets f
The Albanese government’s budget plans to replace the 50% capital gains tax discount on assets held over 12 months with a model taxing full real gains adjusted for inflation.