“Definitely losing talent”: Startup leaders fear tax settings pushing Aussie founders overseas
Experts say growing valuations, complex ownership structures, and potential capital gains tax exposure are all weighing on local founders.
Australian startups with global ambitions may be incentivised to move overseas earlier than they otherwise would, startup sector leaders say, as growing valuations, increasingly complex ownership structures, and potential capital gains tax exposure make the shift harder the longer they wait.
It is a dynamic at odds with Australia’s push to encourage innovative businesses to build and grow at home.
For some startups seeking overseas investment to grow and expand, moving their corporate home can become necessary, yet increasingly complicated as the business grows.
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