Sonny
10.7K posts

Sonny
@dcb30a
Views are my own and not investment advice









‘Powerful campaign’: Momentum growing to force Labor to drop capital gains tax changes One of the 10 female business founders railing against Labor’s capital gains tax changes has torched Treasurer Jim Chalmers’ credentials in a fiery spray. The group has reacted to Labor’s plans to scrap the 50 per cent capital gains tax discount and replace it with an inflation-adjusted model. They attacked Labor for claiming business owners were “tax avoiders” and called for the Albanese government to reconsider the reforms. Among them was Genevieve Taubman, founder of communications agency The Mint Partners, who said the Treasurer’s lack of private sector experience influenced the move. “I wouldn't expect anything less from Jim Chalmers,” Ms Taubman told Business Weekend. “He's never owned a business. He has a lack of understanding. He's made a slap-dash decision on throwing this in while trying to solve (the property crisis). “I just think that it made us all very, very angry.” skynews.com.au/opinion/sharri…




One of Australia’s greatest financial success stories has been the rise of ordinary people becoming investors. Over the last 30 years, millions of Australians have gradually moved from relying purely on wages and property to owning shares, ETFs and diversified portfolios. Not just wealthy people, but teachers, nurses, tradies, students and young families trying to build financial security over time. That’s why the government’s proposed CGT changes feel like such a profound mistake. This piece in today’s The Australian is my attempt to explain why I think that matters. theaustralian.com.au/wealth/investi…





