The Australian startup ecosystem is facing an unprecedented wave of resistance as a coalition of the country’s top young business minds unites against the Albanese government’s sweeping new tax reforms. For millennial entrepreneurs, tax CGT changes introduced in the latest Federal Budget aren’t just minor adjustments—they represent a fundamental threat to innovation, risk-taking, and the future of Australian enterprise.

Dubbed the “Forty under 40” movement, high-profile tech founders and small business advocates are warning that the rollback of long-standing tax concessions will spark a wave of “founder flight,” driving Australia’s brightest talent overseas to startup-friendly hubs like Singapore or Silicon Valley.