Taxing times for investorsBY DON HAMSON | VOLUME 14, ISSUE 1The 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
Passing the baton
LIAM ROCHE
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
Liam Roche's experience in customer relationships and paraplanning has set him up for success as a financial adviser. Now undertaking the Professional Year, the advice associate at Eureka Whittaker Macnaught tells Karren Vergara how a new breed of advisers is flying the flag.
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.