Quantcast
au iconAU

 

 

Crowdfunding bill to give tax breaks to early-stage investors

Investors who support start-ups in their early stages will be given tax breaks under the government's crowd-sourced equity funding bill.

Crowdfunding bill to give tax breaks to early-stage investors
smsfadviser logo

Under the legislation, which received the backing of the House of Representative yesterday, Australian start-ups will be able to raise $5 million each year — a figure that is higher than the caps contained in similar legislation in the US and New Zealand.

Read the full story at Money Management.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox