The reason we have a luxury car tax is Canberra can’t control its out of control spending,. The wastage is huge. I know a dug dealer that’s now running a NDIS provider because its more profitable than selling drugs.
We have many taxes that go unnoticed. Not only a luxury car tax, the GST rebate only applies below the level of the luxury category tax.
Now The Greens want to cancel CGT discount , son inflation will eat away your investment profits, by increasing your tax. And they want to tax big companies which are typically listed companies. So your shares will go down. And stop negative gearing in property. Probably stop negative gearing in any any investment. So loads more taxes coming our way.
Its time to leave and go live in a country that treats its tax payers better.
For this who invest in companies like IMU the greens want 47% of your profits, None of the risks, just share in the profits.
.
NEU Price at posting:
$9.44 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)