"This super tax is socialism at its best. Who is labour going to target next? The banks with their "super-profits"? Woolies, Bunnings and Coles (WES)? Basically any company which records a billion dollar profit? Anything is fair game after this tax imo."
More to the point, given that "abnormal" profits are noe defined by our Kruddy gvmt as anything in excess of the bond rate, how long do you think it will be before this pack of hyenas comes after the "super profits" made by traders?
Time to look at exit strategies. Is there a cgt for non-resident investors?
40% super tax, page-39
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