Comment on Polling suggests one nation preferred over labor, negative perceptions and low awareness of budget blamed.

• naevaTheRat@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

  citation needed.

  CGT changes are adjusted for inflation and still represent an extremely attractive vehicle for people. What else are you going to do with money you’ve amassed, sit on it like a dragon?

  All it does is shift some or the tax burden to rich arseholes and make hoarding land less attractive (even adam smith thought landlords fucking sucked).

  source

  • ryannathans@aussie.zone ⁨22⁩ ⁨hours⁩ ago

    Increasing CGT to one of the most expensive in the world doesn’t need a citation… Engage in some basic thought.

    You create a business, take on massive risks, fund it yourself even, then when you go to sell you’re looking at essentially 100% capital gain

    That’s not extremely attractive. Why not create the business in Nev Zealand where that would incur 0% tax, because they don’t have CGT?

    source

    • naevaTheRat@lemmy.dbzer0.com ⁨13⁩ ⁨hours⁩ ago

      That’s a hilarious misrepresentation of tax laws in NZ lol but just taking the logic, why doesn’t everyone just only invest in panama or some other tax haven?

      Could it be because more than just “how lowest tax?” goes into where people can start businesses? Hmmmmmmm?

      source

      • ryannathans@aussie.zone ⁨12⁩ ⁨hours⁩ ago

        There is literally no tax in NZ on selling shares in private companies.

        source