Labor announces new tax carve-outs aimed at startups following a backlash over the treatment of capital gains. The proposal keeps a 50% capital gains tax discount for innovative startups, according to one report, but does not specify in the coverage which individual companies or categories of firms will qualify. Other sources say the plan includes a new business tax concession for startups, alongside an expansion of an existing carve-out tied to capital gains taxes. Together, the reports describe an effort to broaden eligibility for tax concessions available to startups and to address concerns that the existing rules may not adequately capture or support innovative early-stage businesses. While the overall direction is consistent—providing startups clearer access to concessions related to capital gains and business taxation—the available details focus more on what the concessions are than on the final eligibility criteria. The outlets therefore characterize the scheme as newly unveiled but with uncertainty remaining about how firms will be determined to meet the requirements.