Budget 2015: ‘Netflix tax’ “brain-dead” and “a bloody nightmare” says Freelancer founder Matt Barrie | SmartCompany

The 2015 federal budget fails to make a distinction between small businesses and startups, which is stopping the latter from reaching their potential and creating the jobs of the future, according to the founder and chief executive of Freelancer.Speaking to StartupSmart this morning, Matt Barrie said Australia’s commodities will diminish in the near future and it was worrying to see a “gaping hole” in the budget where there should have been a vision for a digital future.“Government does not know the difference between the word startup and SME at all,” he says.“Every time there is a discussion about startups it morphs into SMEs, and that’s why we don’t see anything major happen… but I can’t think of a greater industry for producing multiples than technology. The fact a 20-year-old can start a company worth $20 billion in a decade is mind-blowing.”While the announcement that Australia will likely have a crowdsourced equity funding scheme before the end of the 2015-2016 financial year is welcomed by Barrie, he still has his reservations as little detail has been released.

Source: Budget 2015: ‘Netflix tax’ “brain-dead” and “a bloody nightmare” says Freelancer founder Matt Barrie | SmartCompany

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