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Successful Aussie startup founder issues brutal warning that business owners should desert the country to avoid the Albanese government's proposed new tax rules

By Ashley NickelJune 1, 2026 · 1 min read

Michael Kong, director of Sonic Labs, advised young Aussies to leave the country after being 'slapped in the face' by Labor's tax changes.

The Australian director of a successful cryptocurrency company has told young Aussies to 'consider leaving' the country if they want to start their own business. Michael Kong, director of Sonic Labs…

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