Tax on $3 million super fund balances to ‘cut off lifeblood’ of local business, Geoff Wilson warns

Italia Notizia Notizia

Tax on $3 million super fund balances to ‘cut off lifeblood’ of local business, Geoff Wilson warns
Italia Ultime Notizie,Italia Notizie

Funds management veteran Geoff Wilson says Labor’s controversial plan to tax unrealised gains on big superannuation accounts will discourage investment in local firms.

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 90%

on big superannuation accounts will “cut off the lifeblood of Australia” by discouraging investment in local firms, funds management veteran Geoff Wilson says.

“Even equities are in that category, so you don’t get money in Australian companies, particularly small ones, and even equities will miss out. At the same time, however, new research from the Association of Superannuation Funds of Australia of the bill that taxing unrealised gains would force capital selldowns such as making farmers sell their land.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

FinancialReview /  🏆 2. in İT
 

Italia Ultime Notizie, Italia Notizie



Render Time: 2025-01-21 01:43:19