this post was submitted on 31 May 2026
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Australian Politics

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Polling suggests one nation preferred over labor, negative perceptions and low awareness of budget blamed. (www.abc.net.au)
submitted 3 weeks ago by naevaTheRat@lemmy.dbzer0.com to c/australianpolitics@aussie.zone
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[–] ryannathans@aussie.zone 0 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

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 New Zealand where that would incur 0% tax, because they don't have CGT?

[–] stylusmobilus@aussie.zone 0 points 2 weeks ago (1 children)

why not create

Because people choose to open businesses based on the market they’re targeting, not CGT. That might be a factor with a comparable business, for instance a corner store, but you’re not likely to start a reptile relocation business in NZ or a fjord touring company in Australia.

You’ll open it where the demand for it is.

[–] naevaTheRat@lemmy.dbzer0.com 0 points 2 weeks 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?