The only detriment to Australia atm is if labor get in, most if not all their policies attempt to block economic growth. Whether this be grandfathering negative gearing = reducing investment in property and in turn reducing construction = reduced employment/jobs in that sector which will flow into other sectors. Or reduced CGT discount from 50% down to 25% = people leaving money in banks, why invest when your taxed on 75% of the gain?
Or losing franking credit refunds - less money for the elderly to spend, because you know they love to pile up money towards the end of their life.....
If someone can point out a policy that labor want to implement im all ears.
As it is, if bank profits are set to be lower along with growth in future periods, the 4 big pillar banks contribute significantly to the tax system. So the government is gonna have to get money elsewhere to ensure the promised surplus is delivered. Interesting times ahead...
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$38.95 |
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Mkt cap ! $119.9B |
Open | High | Low | Value | Volume |
$39.15 | $39.40 | $38.95 | $111.8M | 2.861M |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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$38.98 | 1000 | 1 |
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No. | Vol. | Price($) |
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1 | 9606 | 38.930 |
1 | 256 | 38.920 |
2 | 578 | 38.910 |
5 | 15126 | 38.900 |
1 | 2098 | 38.890 |
Price($) | Vol. | No. |
---|---|---|
38.980 | 1000 | 1 |
38.990 | 2970 | 1 |
39.000 | 4040 | 2 |
39.030 | 4600 | 1 |
39.100 | 4250 | 5 |
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