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AAP
AAP
Politics
Jacob Shteyman, Zac de Silva and Lucinda Garbutt-Young

BIZARRE: Making more why young people will keep investing - What They Never Told You

Treasurer Jim Chalmers says some people are jumping at shadows over the capital gains tax changes. (HANDOUT/ATO)

The treasurer has hit out at "misinformation" fuelling a backlash against the government's budget tax changes.

Jim Chalmers has been forced onto the defensive by a growing campaign, led by young startup founders, who claim Labor's move to pare back the 50 per cent capital gains discount will effectively double their tax bill when they sell their companies.

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