ASX small caps

This year’s CGT changes will surely go down as Australia’s biggest economic own goal in decades. Although many Australians won’t see the impact on their tax bill until 2028 or even later… the damage has already started. If you’re weighing up whether to start a business, hire your first employee or invest the savings you’ve worked hard to build, these changes are already making it harder to get ahead. Since the Budget I’ve written 12 articles in @australian about who’ll be affected and what it means for them… I’ll link to them in the replies. This week @GetAheadAus is launching to show what these changes mean for Australians and build the public support needed to get them reversed. Thanks to @GeoffWilsonWAM for getting it off the ground! If you think Australia should be a country where it pays to have a go, join Get Ahead and share it with someone who feels the same. getaheadaus.com.au/ I’ll also be talking about what the changes mean for share investors at @ASX Investor Day in Melbourne this Saturday (14 Nov) and in Sydney the following Saturday (21 Nov). asx.com.au/investor-day Spoiler: it’s a disaster for people who hold individual shares! If you’re coming, please say hi. I’d love to hear whether the changes have made you rethink how you invest. It’s been great to see people from so many different backgrounds speak up about this issue. Thanks @karlstefanovic, @DHughesy, @cjayfive, @Janineboost, @markbouris, @clairlemon, @cjoye, @matt_barrie, @PaulBassat and @sbxr for speaking up and getting more people talking about what these changes mean. I’ve also appreciated hearing from Adam Schwab (@lux_schwab), Adir Shiffman (@adirshiffman), Richard Holden (@profholden), Mark Humphery-Jenner (@humpheryjenner), Michael Biercuk (@MJBiercuk) & Derek Francis (@DerekFranc90653) and many others. Thanks for taking the time to explain what’s at stake for people building businesses and investing their own money! And a big thanks to the team behind @GetAheadAusfor the work that’s gone into getting off the ground. Looking forward to seeing many of you at the launch this week. 1/13