Capital Gains Tax Once again the topic of capital gains tax (CGT) has reared its ugly head. Speculation is that Labour will unveil a property investment targeted capital gains tax when it announces its tax policy in the next two weeks. The Greens have thrown their not so considerable economic muscle behind the proposed tax. In light of this, let’s examine some of the arguments that proponents of CGT put forth: Capital gains should be taxed because there should be no difference in outcome between a taxpayer whom generates a gain of $50,000 through the sale of a capital[...]
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