Steve Baxter

speaker

1,056 appearances 1 recordings 1 series first heard Jun 2026 last heard 25 Jun

Steve Baxter’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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2 Worlds Collide Podcast · #107 - Steve Baxter - Labor's Budget Will Destroy Australia's Future · 25 Jun 2026 podcast

And so why would you stay in Australia?

Let's just go to New Zealand or anywhere else in the US, for example, which is 15% if you could pick the right jurisdiction as a capital gains tax.

or stay here and just cop it in the face at 47 cents on the dollar.

I don't doubt it at all.

I mean, we won't see zero businesses at the same time, but we'll start businesses here on.

Yeah, I mean, it's definitely going to result in that, that's for sure.

There won't be zero business formation.

But the thing is, the big game-changing businesses are the outliers.

So it's your Google founders, your Facebooks, your musks of the world, for example, right?

They don't sit on the bell curve.

They sit way outside the bell curve, right?

and you want those because they are generation-changing businesses, right?

And we're sort of saying now that if you want to strive for that, then this really isn't the place.

In fact, we openly hate you, to be honest.

So there's lots of good things about Australia in starting a business.

So we still have a couple of great, really great tax incentive schemes, and believe it or not, out of the budget, one of those tax incentive schemes was actually improved.

One of the ones that our fund is actually under, which is great.

So it's actually, we did exceptionally well out of the budget from our fund.

That's only one part of my business world.

But there's another one called ESIC, which is an angel investor incentive, which gives a 20% tax break and capital gains tax free.

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