Labor wants to replace the regular 50 per cent discount with an inflation-linked discount.The details of the carve-out for startups will be subject to consultation, but the initial suggestion is a choice between a 50 per cent discount and an inflation discount, applying to "new, innovative" businesses. Founders, early stage investors and employees granted shares as part of their remuneration will be included."The next steps that we announce today are all about providing more clarity and confidence to investors, more support for small businesses and more incentives for innovation," Treasurer Jim Chalmers said."We understand that there's never a unanimous view about economic reform and particularly about tax reform We are delivering real change here."The government has also moved to quell concerns about the inclusion of discretionary testamentary trusts in a new 30 per cent tax.Discretionary trusts allow their owners some flexibility to move income around between different beneficiaries, holding companies, and across different years for tax purposes.Several types of discretionary trusts are exempt from the new 30 per cent minimum, including deceased estates and farms