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Pocock urges CGT changes as Albanese laughs off AI meme campaign
Australian Prime Minister Anthony Albanese has dismissed an AI-generated meme campaign by startup founders protesting proposed capital gains tax (CGT) changes as "very flattering". Independent crossbench politicians including David Pocock, Allegra Spender, Monique Ryan, and Sophie Scamps have warned the federal budget's CGT reforms—replacing the 50% discount with cost-base indexation and a minimum 30% rate—could drive tech investment and entrepreneurs offshore, urging targeted concessions for the startup sector while backing broader tax changes.
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- May 19, 2026, 4:23 PM
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- May 19, 2026, 8:14 PM
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Pocock urges CGT changes as Albanese laughs off AI meme campaign
May 19, 2026, 4:23 PM
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