Comment on Leading tax expert calls out ‘confected outrage’ of wealthy Australians over Labor’s $3m super plan
Tenderizer@aussie.zone 2 weeks ago
The accounting newsletter my uni made me sign up to had an article criticizing this from the SMSF association.
Their key complaint is “unrealized capital gains” which is … real estate basically. You can tax shares and they can just sell a few, “unrealized capital gains” only makes sense if you’re using your super fund to evade income tax as a property investor. These elites, even the obscure accounting newsletter elites, know full-well what they’re doing.
Gorgritch_umie_killa@aussie.zone 2 weeks ago
Alan Kohler and Stephen Mayne, on Money Café, have been using property taxes as an example where taxes on unrealised gains are applied. It seems an interesting example flying against the ‘never tax unrealised gains mantra’.