@DavidShoebridge If a company transferred assets before an impending administration/ liquidation, it would be a voidable transaction. Why not here?
At the very least, the entities that now hold the assets must lose any charitable status they have.
Appalling attempt to hide assets
@Cliveooooo@DrCameronMurray That’s a benefit yeah? You gained year on year but deferred those taxes until you realised the gain.
I’d prefer that than being taxed on unrealised gains each period
@chrisbrycki@cjoye I think the simplicity of your suggestion. I would add your cumulative 5% should be compounded over the 10 years. Small change but as returns/inflation compound, so should the risk discount factor.
The proposed 30% minimum CGT feels more political than reasonable.
@AvidCommentator I thought it was actually filled with Australia’s strategic oil reserves??
Actually wasn’t it Angus Taylor who put $100m or so of oil mysteriously in the US? Where is that oil now??
@Adam_Creighton@SamKSS Is your message just because it doesn’t solve all the problems we shouldn’t do it?
Every positive change should be explored so in totality they start to move the needle.