Why tax breaks are not the answer to encourage Australian startups

"The Turnbull government will release its innovation statement in the next few weeks, and it’s widely expected to include tax breaks for startups. The government may abolish capital gains tax (CGT) for investments in early stage companies, especially in the high-tech sector. The idea, promoted by Coalition backbencher David Coleman, is that those who invest in early stage private companies with an annual turnover of less than $1 million will be able to exit their investment at no tax cost." Read more

Chris Evans The Conversation 4 Nov 2015