Frank Greeff, a Sydney entrepreneur who sold real estate platform Realbase to Domain for $180 million in 2022, has become a vocal opponent of the government's capital gains tax changes, arguing they will harm employee equity schemes. However, Realbase's 350+ employees mostly did not hold equity in the business at the time of sale, with the $180 million payout benefiting only about 10 stakeholders including Greeff and his co-founder brothers.
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Frank Greeff, a Sydney entrepreneur who sold real estate platform Realbase to Domain for $180 million in 2022, has become a vocal opponent of the government's capital gains tax changes, arguing they will harm employee equity schemes. However, Realbase's 350+ employees mostly did not hold equity in the business at the time of sale, with the $180 million payout benefiting only about 10 stakeholders including Greeff and his co-founder brothers.