Thursday Headlines:
Deep Dive: AI-generated images of The Prime Minister as a startup co-founder, tradie and “silent business partner” have flooded social media this week - all in protest of one controversial Budget measure.
The government’s plan to scrap the 50% capital gains tax discount on most assets from 2027 has sparked backlash from startup founders and small business owners, who say it could punish innovation and push investment offshore.
In this episode of The Briefing, Chris Spyrou speaks with ABC Business Daily host Daniel Ziffer about what capital gains tax actually is, why business owners are panicking, and whether the fears stack up.
Further listening from headlines:
Inside Everest’s death zone
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