Senior Labor MP Acknowledges CGT Changes May Not Suit Start-ups, Small Businesses

‘The point that many start-up founders, the point that many small businesses have been making is valid,’ said Labor Cabinet Secretary Andrew Charlton.Labor Cabinet Secretary Andrew Charlton speaks during a Labor Party rally in Sydney, Australia, on April 27, 2025. Asanka Ratnayake/Getty Images5/22/2026|Updated: 5/22/2026Labor Cabinet Secretary Andrew Charlton has admitted the government’s capital gains tax (CGT) reforms may have a negative impact on start-ups and small businesses with low asset bases.The comments come as a large number  of tech business leaders urge the government to rethink the changes, which are set to come into force from July 2027.