Tax and regulation key to Turnbull dream of agile economy – tech guru

Taavet Hinrikus, co-founder of currency transfer service Transferwise, says more startups could flourish in Australia if not hampered by big banks

Malcolm Turnbull must make major changes to taxation, regulation and business culture to fulfil his ambition of making the Australian economy more agile and innovative, a leading digital entrepreneur has warned.

Taavet Hinrikus, co-founder of the London-based currency transfer service Transferwise, believes more startups could flourish in Australia but they risk being held back by entrenched interests such as the big four banks.