@Timothy81923887@DrewPavlou Do you suppose there has been a bigger move of the public sentiment needle in Australian politics than what has happened with ON in the last 9 months? Labor are treating Australians as though they have enough seats to get away with anything.
@Timothy81923887@DrewPavlou Oki doke. Australians never felt like they had an alternative before that would change things. Gonna be an interesting time ahead.
I did not realise they were taxing gross rather than net gains… AFR: Investors with diversified share portfolios making a mix of gains and losses compared to inflation could face tax rates of more than 100 per cent on real gains, due to the Albanese government not compensating investors for underperforming stocks.
A former senior Treasury tax official and a hedge fund manager both warned that people with a diversified portfolio of shares could face tax rates 50 per cent higher than Treasury calculated… Chalmers’ office and Treasury were contacted for comment on Thursday about whether real losses would be indexed to inflation.
Under another example, an investor buys shares in Coles and Woolworths, with one outperforming inflation and the other underperforming inflation.
The overall real return is zero after inflation, but the investor would pay tax on the winning stock.
If an investor instead bought an ETF of supermarkets with the same overall result, they would pay no tax.
https://t.co/4bfhPDychb
@ThoughtsSending@HJoyOz And anyone young person who wants to invest in property just saw their borrowing capacity fall sharply whilst overseas investors retain their NG and CGT discounts. What exactly is fixed about that?
@ThoughtsSending@HJoyOz Nothing has been addressed. New builds are now a tax haven. investors will out spend new buyers. Existing properties will be held onto. Any young investor trying to save a deposit investing in etf’s or shares will lose 30-47% of their profit regardless of their tax bracket.
@lesstenny@Fr64551577Peter Listen to yourself… Nobody wanted these things changed and Labor would have lost the election if they were honest. The PM and treasurer have both never had jobs or businesses in the real economy but think they know better than millions of business owners.