Obviously some are thinking the same way, just read this in the AFR.
Labor will need Auditors to audit the Auditors and 5 x valuation reports to set an average value. The new growth industry will be for new valuation businesses to do valuations for the Labour's un-realized profit tax .
Most likely need another 40,000 bureaucrats in Canberra to oversea Labor's un-realized profit tax for compliance. More tax will be required to employ these new bureaucrats.
Fake asset valuations set to surge......... who would've thought that this wouldn't happen. Fake asset valuations set to surge under $3m super tax regime
Auditors are bracing for a wave of dodgy asset valuations under Labor’s superannuation tax, warning that self-managed superannuation funds are already trying to manipulate what they own to avoid or limit their exposure to the new impost.
They say there are some unscrupulous actors in the valuation industry, while “alarming” numbers of SMSF trustees refuse to pay for asset valuations or try to put forward rubbery figures based on out-of-date information
