<div><strong>What just changed?</strong>
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<div>From 1 July 2027, the Federal Budget will replace the 50% Capital Gains Tax (CGT) discount on assets held for more than a year with inflation-adjusted indexation.
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<div>Gains will be taxed at your marginal income tax rate, subject to a minimum tax rate of 30%.*
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<div>Australians will pay some of the highest capital gains tax in the world on future profits while existing profits will be grandfathered under old rules. It protects past profits, taxes future ambition and calls it fairness.
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<div>*Assets purchased prior to 1 July 2027 will be subject to transitional measures that preserve the 50% CGT discount. Excludes superannuation funds and small business concessions.
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<div><strong>Who Actually pays</strong>
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<div><strong>Founders</strong>: The value you spend years creating now gets taxed at one of the highest rates in the world. The equity you offer employees instead of corporate-sized salaries? This will be worth a lot less.
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<div><strong>Startup employees</strong>: You join a startup over a safe job because the equity upside justified the pay cut. Going forward, your equity is taxed at a similar rate to your salary.
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<div><strong>Young Australians</strong>: You should be encouraged to take risk. To build businesses, back founders and invest in growth and generate prosperity for everyone.
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<div><strong>Every Australian</strong>: Because when founders leave, capital follows. Jobs follow. Tax receipts follow. The pie shrinks.
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<div><strong>What a Fair GO actually looks like</strong>
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<li>A simple and fair tax system
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<li>Supporting Australian businesses that pay tomorrow’s wages
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<li>Competitive taxes that reward Australian ambition
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<li>Young Australians building wealth in Australia
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<li>Join a community of concerned Australian CEO's, founders, employees, and investors calling to stop the tax on ambition.
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<div><strong>Your donation will help:</strong>
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<ul>
<li><strong>Amplify Our Voice:</strong> Puts ads on social media, billboards, and screens so our message reaches thousands of new voters every day.
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<li><strong>Fuel the Ground Game: </strong>Buys the flyers, signs, and t-shirts our volunteers need to hit the streets and connect with people face-to-face.
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</ul>
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<div><strong>Sign our petition here: <a href="https://c.org/PBX6y97Q7w" target="_blank" rel="noreferrer noopener"><a href="https://c.org/PBX6y97Q7w" target="_blank" class="" rel="nofollow noopener noreferrer">https://c.org/PBX6y97Q7w</a></a> </strong>
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<div>Share your story and read more here: <a href="https://thefairgo.au" target="_blank" rel="noreferrer noopener"><a href="https://thefairgo.au/" target="_blank" class="" rel="nofollow noopener noreferrer">https://thefairgo.au/</a></a> 
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Enter your donation forStop the Tax on Ambition - Labor's unfair CGT changes