Does anyone have a link to the tax on super over $300m legislation? I seem to remember it getting altered a fair bit before it got up but I can’t (be bothered to) find it.
More taxing of capital/assets please.
They wanted to tax unrealised gains, and their plans weren’t indexed so every year the lower classes would get closer and closer to being affected. Thank god it didn’t go through. Taxing unrealised gains is one of the dumbest things anyone has ever suggested.
Does anyone have a link to the tax on super over $300m legislation? I seem to remember it getting altered a fair bit before it got up but I can’t (be bothered to) find it.
More taxing of capital/assets please.
$300mil? I think you mean $3mil?
Yeah. There was something that they lost from the original too.
Plus they added a change with inflation.
They wanted to tax unrealised gains, and their plans weren’t indexed so every year the lower classes would get closer and closer to being affected. Thank god it didn’t go through. Taxing unrealised gains is one of the dumbest things anyone has ever suggested.