Forty under 40: Millennial entrepreneurs unite against Albanese’s tax overhaul
A group of young Australian entrepreneurs is urging Prime Minister Anthony Albanese to reconsider proposed changes to the capital gains tax (CGT). They support the removal of CGT discounts for housing but warn that eliminating these discounts for productive assets could harm business growth. The entrepreneurs argue that such changes could stifle ambition and hinder the development of small and medium-sized businesses in Australia.
- ▪Forty Australian founders under 40 have written to the Prime Minister opposing the CGT changes.
- ▪They believe the proposed tax overhaul will not make housing more affordable and will negatively impact business growth.
- ▪The group includes various entrepreneurs from different sectors, emphasizing the broad concern over the tax reforms.
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| Original publisher | The Sydney Morning Herald |
| Canonical URL | https://www.smh.com.au/politics/federal/forty-under-40-millennial-entrepreneurs-unite-against-albanese-s-tax-overhaul-20260519-p5zyr6.html?ref=rss&utm_medium=rss&utm_source=rss_feed |
| Publication time | Wed, 20 May 2026 04:17:00 +1000 |
| Retrieval time | 2026-05-19T18:19:57.889Z |
| Last seen | 2026-05-19T18:19:57.889Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | UacRFwDUxFC3 |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.