Government Tweaks Tax Breaks for Startups

The government’s budget got a major makeover after backlash — ditching a harsh tax plan for startups and expanding a 50% capital gains concession to 10 million in turnover, helping 2.7 million more small businesses. A new startup tax break is brewing in a consultation paper, and the controversial 30% trust tax is gone. All this costs $475 million but signals a government ready to listen — especially to tech and innovation sectors where the 50% discount is vital for survival and growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/959a51d4fca2ec73