GraingerRule1

@JP_Technology Very creative. You argue the gains are made over many years. They are not taxed each year! They are only taxed on realisation and then inclusive of their reduced real value. Why not admit that you object to the removal of beneficial treatment of capital gain versus other income?

@GraingerRule1 Well we can and we did. Prior to 1985, government stole NONE of the capital gains. Many countries still don't do it. Even when they did, the rate was discounted to compensate for the inflationary reduction in real gains AND what I described, as well as to reduce capital flight.

The CGT discount wasn't merely to offset the reduction in real gains due to inflation over the holding period. It also offset the fact that gains accrued over MANY YEARS get taxed as though they were earned in a SINGLE YEAR, pushing most of it into the highest marginal bracket.

@concentr8dvalue @BrettKPG What do u see that he is not doing that he should? The numbers still seem pretty good to me.

@BrettKPG From shareholder to manager - Will you just run the business? Defending the stock, telling us how the company will benefit from this or that, all I see you post online makes me want to sell your stock

Australian federal government budget this week not great for the country, record spending and deficits forever etc $KPG.ax will benefit as demand for excellent tax advice increases due to changes and complexity together with go forward higher tax burden on business owning clients.

@Daniel5_27 @TMFScottP As a percentage of their wage that pay fuck all.

@GraingerRule1 @TMFScottP Just want a system that’s fair. The wealthy 1% pay 20% of the tax bill in this country. The top 20% pay like 90% of it. The bottom 50% pay virtually nothing towards it. I want to help others personally in my own life. I’m just sick of communism by stealth.

Not for nothing, but when people say a CGT change would hit founders and growth investors, they're not wrong. But implicit in that argument is that those groups will be making a motza in the first place. That's all the incentive they will need. Or, as Buffett wrote in the NYT:

@Daniel5_27 @TMFScottP Clearly you like the less well off to pay more as a percentage of their wage. Not the system that Australians have wanted. You should move to the USA where they don't give a sh!t about anyone that isn't wealthy

@GraingerRule1 @TMFScottP What’s the point of taking risks that could lead to you losing many thousands or even millions of dollars if at the end of the day the government takes 45% of any profit you make, yet shares NONE of the risked capital. Might as well just go somewhere else.

@Daniel5_27 @TMFScottP Because the business should be able to pay you along the way. It isn't just a real estate development that is just build and flip. Doctors spend 12 years getting an education that they pay 100's of thousands for and get to pay full tax on their millions in earnings. No diff

@Sauronlordking When you were born your television was made by an Italian immigrant in Bayswater with valves, not by a Vietnamese bread line factory worker. There is no comparison that is fair for electronics and their relative costs and as their costs have plummeted.

The concept of generational equity pedalled by Labor is a crock. As a child born dirt poor in the 60s, seeing kids today with their smart phones, E bikes and the sort, I reckon the kids today are doing far better than when I was a child. If Australians keep voting for Labor ,we will all end up dirt poor, except for the politicians of course.

$kpg.asx This di Stephano fella seems to have a personal beef with Kelly. Anybody have an idea what it is? google.com/url?rct=j&sa=t…

@Daniel5_27 @TMFScottP ou don't get a discount on CGT events in a business. At least I don't in mine. If it is your personal gain then why shouldn't you pay the same tax as everybody else that earns and income or makes a gain. Are business owners some sort of special breed that shouldn't pay tax

@GraingerRule1 @TMFScottP If I own 1/3 of a business witb two other partners, and we work hard to develop and grow our business and at the end of 20 years I decide to sell my share, the share I own in my business has gone from worth basically nothing to $ XXX dollars, Is this not a CGT event?

@bowtiedstocks @Michael94858047 This is a great point. We are a capitalist economy. Rents are set by the renters capacity to pay not the landlords costs

@Michael94858047 If you can increase the rents why wouldn’t you just do it now anyway?

I sold my 5 Rental properties in Melbourne due to this CORRUPT TAX GRABBING LABOR GOVT. I then purchased four Rental properties in Adelaide with far less stress. Any changes to Capital Gains Tax or increased taxes effecting my bottom line mean RENTS WILL BE INCREASED.

@Daniel5_27 @TMFScottP Business don’t pay cgt,

@TMFScottP This fails to understand risk. All businesses undertake a risk in starting. They decide whether it’s worth it or not by estimating their chance of success against the potential profit. If the potential profit is halved, then yes, many ideas will not eventuate.

@BiteSizedMediaX @cjoye That is awesome! Finally houses freed up for people that want to buy to live in. Hopefully the price drops far enough for them to do so.

I have 2 investment properties, should of sold 12 months ago but wife emotionally attached as it was for long terms kids future and we wanted to develop some townhouses one day, now it’s sell up and pump that Money into home which you are right about but also a lot of Aussies will buy shares under mum and dads name who will be or are retiring

The single biggest winner from the budget: the tax-free owner-occupied home, which is where people will put their money. After the budget doubles the capital gains tax on productive businesses/assets from circa 23.5% to 46-47%, investors will understandably pull money from businesses, shares, commercial property and rental housing and plough it into their tax-free owner-occupied home. It's a great way to push up the prices of these houses. On the other hand, cutting negative gearing while also doubling CGT makes investing in rental properties extremely unattractive. It hammers the capital gain upside on any asset: shares, commercial property, the small or medium sized business you built, venture capital and private equity. It will give Australia the most unattractive capital gains tax in the WORLD (see table below)! So the government's policies will (1) push up owner-occupied house prices, (2) push up rents, and (3) reduce the capital available for investing in any small, medium or large sized business that is driving employment, innovation, growth and productivity/prosperity. Investors will go to other countries where they pay half the capital gains tax, or less. Since these pollies have never worked a day of their lives in the private sector, it is no surprise that when they decide to completely and unilaterally rewrite the entire tax system for all investors and businesses -- after promising before the last election more than 50 times NOT to change the capital gains tax and negative gearing rules -- that they would blow the entire Aussie economy up... Your best bet will be to buy a house, live in it, and hope they keep dropping 500,000 new people into the country every year to pump-up prices...

@TheMarcitect @MarcNixon24 Why is the USA so scared of communism? Why do you think it is your place to interfere with sovereign nation’s and their political choices?

@MarcNixon24 It's to late. The liberal party are the party of the CCP. China has it's hooks so deep into Carney and this country, it's not going to let go. There are only two solutions to change course. Devine intervention or the U.S. takes it back for us.. Canadians are to impotent.

Mark Carney LONG honeymoon HAS ENDED. Canadians are realizing he is WORST than Justin Trudeau.

@respeculator The other main issue is that with the fleet of spinning generators all at end of life no private player will build new spinning plants. They are just not competitive. So unless govt distorts the market it will be renewables and will require firming

@respeculator Point is simple. It is way more than arbitrage. Power companies have been gaming the system for years to raise prices with their peaking demand. Batteries are taking that peak away and reducing their ability play those games. (Albeit that many of those operators are the same)…

The economics of battery storage is getting worse not better.... remove the arbitrage and you remove the returns... solar + battery combo still expensive vs traditional baseload...

@BrettKPG @ktvonlinetwit Thanks for the extra colour. I am however interested to know if you are seeing AI eat into the work currently being done by your subsidiaries and is churn increasing

@GraingerRule1 @ktvonlinetwit So is real. It will have impact and already is working for us. Personally I believe we can create more value with AI than it destroys. That is, I believe AI will create opportunities for K+O to service more fully our 25,000 clients.

Very interesting to hear people’s opinions $KPG.ax

@ktvonlinetwit @BrettKPG Interesting that you distribute an AI generated review but dismiss AI as a disrupter of accounting. Accountants are telling me that AI is disrupting (eg Xero) bookkeeping and even lodgment of returns. There are quality concerns but younger managers are using it. Do you see it?

@BrettKPG Kpg.ax deserves more exposure. Hoping to see you guys on Nasdaq soon.

@BrettKPG @tsx_tsxv I am a new holder of KPG. My accountant says that AI is taking customers for book keeping and tax returns with future compliance issues for clients in terms of quality. Particularly for younger business owners. Are KPG businesses losing clients to AI enabled products like Xero?

Today in Toronto, Canada meetings and visit @tsx_tsxv

@respeculator @ShowerCapAM Do you have a view on their capital requirements and a need for a cap raise before they start generating enough cash to cover expenses comfortably?

@GraingerRule1 @ShowerCapAM Correct. One mine flooded. One mine with the seismic issues. Add in the gold hedges (A$2,500/oz - yes AUD), and the onerous Zn treatment charges and you have yourself a basket case. But every one of those issues are resolvable.. will just depend on your patience

Add in the TCRC moves and #zinc miners are achieving some very nice prices (multi yr highs)…