Labor have teamed up with the Greens for more taxes. More control. Less reward for hard work.
They don’t see your savings as yours. They see it as theirs.
Australians investing in domestic small cap shares now face real effective tax rates of 66% on a typical modelled portfolio. Meanwhile, foreign investors in places like Singapore can invest in the same Australian companies and pay zero CGT.
More and more of our assets will end up in foreign hands. Does this sound like it's in the national interest?
Senate Inquiry CGT : Speakers & Positions
https://t.co/e4QdnKNSZp
Summary of speakers, and their positions on CGT residential, CGT equities & business, and the 30% minimum on trusts and CGT.
Based on analysis of the submissions that are associated with each speaker.
They will be speaking on Monday and Tuesday.
Commonwealth Bank chief executive Matt Comyn has suggested the capital gains tax overhaul should be limited to real estate and not hit productive investments in business. https://t.co/nD3u8t9721