Govt 'competitiveness agenda' excludes mature startups: Nitro CEO
Australian inaction on startup issues “has potential to turn into a national tragedy,” according to the chief executive of Nitro.
Australian inaction on startup issues “has potential to turn into a national tragedy,” according to the chief executive of Nitro.
Australia’s startup scene has welcomed changes by the Abbott government to taxation of employee stock option plans (ESOPs) as a positive first step toward a thriving startup ecosystem.
The Australian government will reform how employee share options are taxed to make it easier for startups to attract and retain talent, as part of a $400 million Industry Innovation and Competitiveness Agenda unveiled today by Prime Minister Tony Abbott.
The Coalition government plans within weeks to release details of its plans for promoting tech startups in Australia, including changes to employee share option (ESOP) taxation rules, as part of a wide-ranging economic reform package.