Geoff Wilson
@GeoffWilsonWAM
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Geoff Wilson is the founder of Wilson Asset Management @WilsonAssetMgmt @FutureGenInvest
Sydney, Australia
Joined March 2024
Taxing unrealised gains will negatively effect all Australians particularly people with SMSFs. Does this make sense?
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You're right Sally McManus this is flawed policy. No indexation means that 8.1 million working Australians today will be captured by 2052 due to the impact from ‘bracket creep’. Also a 25 year old Nurse or Social Worker will have to pay tax on unrealised gains before they
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Throughout my career I’ve never seen a proposal as reckless as the proposed tax on unrealised gains. I joined @unemployableau to spell out the $94.5bn economic hit and why up to 1.8m savers could be dragged in.
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Everyone knows taxing unrealised gains is illogical/bad policy. Wake up @AlboMP, @JEChalmers and all @AustralianLabor.
Division 296 is like taxing a farmer on crops still growing in the field. I take all the risk, nurture my investments, and now Labor wants to come after me personally with a tax bill for money I haven’t even realised. Forcing me to sell goes against every investing principle. I’d
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An important take by $WGB LPM Catriona Burns on why credible central-bank leadership matters. Whether it’s the Fed post-Powell or the RBNZ post-Orr, markets are already pricing the change.
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Taxing unrealised gains is a disaster for all Australians. What do you all think of @elonmusk Grok’s view? . It right or wrong?.
@GeoffWilsonWAM @seanclarke911 Unrealised CGT - comments from Grok…….A tax on unrealized gains in superannuation (retirement savings accounts) would be a controversial and complex policy with significant drawbacks. Below is a well-reasoned list of why such a tax could be.
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Taxing unrealised gains is bad policy and nearly $20 billion of capital will be drained from jobs & start-ups. Division 296 must be re-thought as it’s counterproductive in its current form. Read more:
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The problems with taxing unrealised gains and the unintended consequences.
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Taxing unrealised gains forces super funds to not invest in growth assets - draining capital from Aussie start-ups. @smstrusteenews highlights the risks from our new paper focused on how this tax will decimate innovation:
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Division 296 will slug super balances with a tax on unrealised gains. No indexation, bad policy @LivewireMarkets Sara Allen shares ways advisers and investors are planning ahead:
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Wake up @JEChalmers and @AlboMP taxing unrealised gains is a disaster for innovation and aspiration. Please listen to exPM Paul Keating
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The Truth About The New Unrealised Gains Tax. Is Your Super at Risk? .Yes? .
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The momentum trade is back – interesting history shows it rarely lasts when volatility is this high. Read @HauptMatt’s thoughts in today’s @FinancialReview. If you’re chasing hot stocks, read this.
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The @AustralianLabor tax on unrealised gains risks taxing innovation into oblivion. As Australians we’ve long prided ourselves on our innovation breakthroughs and our promising companies that can grow, compete and create jobs. Unrealised-gain tax could capture more than 55,000.
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“Have you seen this s. t!”“Corruption” “theft” What does the tax on unrealised gains do to fellow Australian?
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What does this have to do with the government’s illogical and flawed tax on unrealised gains?
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