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Senior Labor MP Acknowledges CGT Changes May Not Suit Start-ups, Small Businesses

‘The point that many start-up founders, the point that many small businesses have been making is valid,’ said Labor Cabinet Secretary Andrew Charlton.
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Senior Labor MP Acknowledges CGT Changes May Not Suit Start-ups, Small Businesses
Labor Cabinet Secretary Andrew Charlton speaks during a Labor Party rally in Sydney, Australia, on April 27, 2025. Asanka Ratnayake/Getty Images
Monica O’Shea
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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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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]