Boost Juice Founder Warns Labor Budget Could Discourage Start-Ups

Prime Minister Anthony Albanese says his latest budget will boost innovation, but Australian businesspeople warn it could discourage investment.
Boost Juice Founder Warns Labor Budget Could Discourage Start-Ups
Janine Allis attends the 63rd TV WEEK Logie Awards at The Star, Sydney on July 30, 2023 in Sydney, Australia. Sam Tabone/Getty Images
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Boost Juice founder and former Shark Tank Australia judge Janine Allis has criticised the federal budget, warning that changes to capital gains tax and negative gearing could discourage Australians from starting businesses.

The Labor government’s budget includes changes that will replace the 50 percent capital gains tax discount for most new investments from July 2027 with inflation indexation and a minimum 30 percent tax on capital gains.

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Crystal-Rose Jones
Crystal-Rose Jones
Author
Crystal-Rose Jones is a reporter based in Australia. She previously worked at News Corp for 16 years as a senior journalist and editor.