Federal budget: Labor bets on housing and overhauls CGT discount

Labor’s federal budget is one of the most significant in years regarding tax reform. The government is betting big on housing affordability by proposing an overhaul to negative gearing and capital gains tax — a decision that’s faced heavy criticism from the startup and VC sector.We discuss:The core elements of the federal budget.The surprising attention given to startups in the budget announcement.Why founders and venture capitalists are concerned about the 50% capital gains tax discount being axed across asset classes.The threat of founders relocating to lower-tax jurisdictions.How Labor’s broken promise on tax reform is a calculated gamble on young voters.The focus of the Opposition’s budget response. On The Call is a weekly live conversation with the Capital Brief newsroom on the stories driving the agenda in Australia's centres of power.Host Harshdeep Kaur sits down with Capital Brief's best journalists to dissect what we're watching and why it matters, and answer questions from our subscribers live.Subscribe to join our weekly live discussion on Thursdays at 12pm AEST: ⁠https://www.capitalbrief.com/on-the-call/⁠Sign up to our free weekly newsletter, The Edition: ⁠https://www.capitalbrief.com/newsletters/the-edition/⁠