For more than 20 years, I've journeyed the path of self-employment, experiencing the uncertainty, relentless pressure, and endless sleepless nights. I've dedicated weeks away from family, managing not just my responsibilities, but those of my employees and their families too. Business owners, like myself, take enormous personal and financial risks each day, always questioning whether to hire another person, invest more money, or pursue another opportunity.

Australia’s current Capital Gains Tax (CGT) structure plays a pivotal role in fostering this entrepreneurial spirit. The existing 50% CGT discount on shares and investments and the 30% CGT concession provided through trusts and small business structures are critical tools, not just perks for large corporations or affluent investors. They bolster small businesses and empower risk-takers to contribute to the vibrant economy our nation proudly upholds.

However, these essential CGT discounts are now under threat. The potential reduction or elimination of these concessions would strike a severe blow to Australia’s investment culture, undermining the very foundation upon which enterprising Australians dare to build their futures.

Australia is renowned for its dynamic investment landscape. By preserving the current CGT arrangements, we ensure individual investors, startups, and small businesses maintain their pivotal roles in driving economic growth and fostering innovation. Disrupting or diminishing these structures risks stifling entrepreneurial ambition at its core.

I invite you to consider the far-reaching implications of amending the current CGT discounts. The entrepreneurial landscape is delicate, and altering the existing tax framework could deter the growth and development of emerging businesses across the nation.

Join us in calling upon the Australian Government to safeguard these critical CGT discounts, ensuring that Australia's entrepreneurs remain empowered to innovate and thrive. Your support could make a world of difference in maintaining the economic vigor and entrepreneurial spirit that defines our great nation. Please sign this petition to protect Australia's capital gains tax discounts.