Australia news LIVE: Chalmers eyes 50 per cent CGT for start-ups after backlash; Trump says Iran shot down US helicopter as he vows to retaliate
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Treasurer Jim Chalmers is reportedly considering a significant increase in the capital gains tax (CGT) for start-ups, potentially reaching 50 percent. This proposal follows considerable backlash regarding previous tax policies affecting new businesses. The government is exploring various fiscal adjustments amid ongoing economic discussions.
This potential tax change could significantly impact the investment landscape and growth prospects for Australian start-ups.
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