Labor to axe cash refunds for wealthy investors, page-7

morning all,

so, it seems that Labor policy is that if you have some money to invest and no tax liability personally - then Labor thinks it's fine for you to pay double tax --- once at company level and once at personal level - the, of course - if you use that remaining cash to actually buy stuff - you get taxed again with GST

so - taxed 3 times --


interesting philosophy



here's a tip - if this is all they change and nothing else - there will be a massive portfolio rejig from dividend paying stocks to growth stocks --

that will be interesting


God help the banks if we get another GFC like wave and they have to raise a couple/few billion each like last time and these rules are in place --- it may well not be so easy