Labor Cabinet Secretary Andrew Charlton speaks during a Labor Party rally in Sydney, Australia, on April 27, 2025. Asanka Ratnayake/Getty Images
Labor Cabinet Secretary Andrew Charlton has admitted the government’s capital gains tax (CGT) reforms may have a negative impact on start-ups and small businesses with low asset bases.
The comments come as a large number of tech business leaders urge the government to rethink the changes, which are set to come into force from July 2027.
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