Taxing times for investorsBY DON HAMSON | VOLUME 14, ISSUE 1  The ALP is proposing a raft of tax changes that will negatively impact after tax outcomes for many Australian investors should they be enacted. Arguably the most controversial ... Get articles like this delivered to your email - Sign up for the free weekly newsletter  More Articles |
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Cover Story
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SACHA BURCHGART
FOUNDER AND FINANCIAL PLANNING SPECIALIST
BURCHEART
FOUNDER AND FINANCIAL PLANNING SPECIALIST
BURCHEART
Though she initially tried, Sacha Burchgart couldn't escape the call of a career in financial advice; it just took staring down her own mortality to see what's possible when you do things differently. Jamie Williamson writes.
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It's time someone rectified the tax problems and implemented tax reform. Labor's proposals mean higher earners will pay a fairer share on their higher incomes and will allow better delivery of services in health, education and welfare - all sorely needed. Investors will be OK - markets always are a bigger threat than taxes - and they should consider themselves fortunate to have funds to invest, unlike the majority of Australians.
And let's face it: we usually drive a truck through any tax regulation loopholes in aid of our clients, so far fewer are ever affected than the headlines would have you believe. Franking credit refunds are a good example. Not one of my clients will be affected - I have ensured that. Anyone who hasn't isn't up to their job.