Startup tax breaks lure overseas founders, rich locals

[1] According to venture capital groups, Australia’s startup tax breaks are enticing entrepreneurs from other countries and wealthy locals are motivated to invest in startups as well.

[2] Ben Heap, co-founder of fintech incubator H2 Ventures, confirmed that US-based Birch Finance relocated to Sydney because of the new tax rules.

[3] Further, Mr. Heap reiterated that the tax breaks help make Australia become globally competitive and attract the best talents as well.

[Source] Australian Information Technology News – Startup tax breaks lure overseas founders, rich locals