Remember that John Howard changed the tax laws to make foreign companies immune from tax in Australia on capital gains.
The gigantic - and probably overdone - selloff in stocks such as NAB may have something to do with this.
A multinational insto may have much to gain by generating a big loss on stock held in an Australian domiciled entity - which could be offset against profits earned on other stocks - while generating a large tax-free profit on matching positions in an offshore account.
an incentive for shorting
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Last
$36.03 |
Change
-0.260(0.72%) |
Mkt cap ! $111.6B | |||
| Open | High | Low | Value | Volume |
| $35.75 | $36.03 | $35.46 | $152.8M | 4.263M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8542 | $35.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.03 | 2977 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| NAB (ASX) Chart |