SMSFs will shy away from investing in start-ups for fear of being slugged with big tax bills on unrealised gains.
Be careful what you wish for. A weaker LNP is not in the best political interest of the country. It allows the rise of popularism and skill-less blow ins to run the country. It’s bad enough as it is. I don’t want to fly on an airline run by children. The Teals achievements so far are limited to nothing at best.
If we have an independent govt (won’t) then what makes anyone think that will work. They all suck. This will be a new bunch of even less qualified people pretending to understand business and economics. The system is insane. We elect clueless people who get to make rules over society/ business and wonder why we get bad policy outcomes. Imagine how easily manipulated and corruptible these newbies would be. It’s already bad enough.
here is an example. Tax people before they realise gains is classic dumbsville stuff.
Chalmers wants to tax superfunds on unrealised profit's. Good luck if you are a start up. Why bother investing in new companies.
