Check it out. They don't call him Turncoat for nothing ;)


Quote:

I will remind readers once more of Malcolm Turnbull’s comments in his 2005 tax policy paper, where he described negative gearing and the CGT discount as a “sheltering tax haven” that is “skewing national investment away from wealth-creating pursuits, towards housing”, and has caused a “property bubble”. Turnbull also acknowledged that “Australia’s rules on negative gearing are very generous compared to many other countries” and that “the normal deductibility principles do not apply to negatively geared real estate such that the taxpayer is not obliged to demonstrate that the negatively geared property will generate positive cash flow at some point in the distant future”.

http://www.macrobusiness.com.au/2016/03/coalition-swarms-into-cloud-of-negative-gearing-lies/?utm_medium=email&utm_campaign=Daily%20MacroBusiness&utm_content=Daily%20MacroBusiness+CID_2180fcefd25d0a34f884e2fa2ea29926&utm_source=Email%20marketing%20software&utm_term=Coalition%20swarms%20into%20cloud%20of%20negative%20gearing%20lies

Sir lastnail wrote on Mar 11^th, 2016 at 10:59am:

Check it out. The libbos caught out in a web of lies and deceit ;) Quote: I will remind readers once more of Malcolm Turnbull’s comments in his 2005 tax policy paper, where he described negative gearing and the CGT discount as a “sheltering tax haven” that is “skewing national investment away from wealth-creating pursuits, towards housing”, and has caused a “property bubble”. Turnbull also acknowledged that “Australia’s rules on negative gearing are very generous compared to many other countries” and that “the normal deductibility principles do not apply to negatively geared real estate such that the taxpayer is not obliged to demonstrate that the negatively geared property will generate positive cash flow at some point in the distant future”. http://www.macrobusiness.com.au/2016/03/coalition-swarms-into-cloud-of-negative-gearing-lies/?utm_medium=email&utm_campaign=Daily%20MacroBusiness&utm_content=Daily%20MacroBusiness+CID_2180fcefd25d0a34f884e2fa2ea29926&utm_source=Email%20marketing%20software&utm_term=Coalition%20swarms%20into%20cloud%20of%20negative%20gearing%20lies

The CGT discount and taxation rules apply to all asset classes.

..-> turnbull is fingered: get ready fo r achang eof government!

crocodile wrote on Mar 11^th, 2016 at 11:17am:

Sir lastnail wrote on Mar 11th, 2016 at 10:59am: Check it out. The libbos caught out in a web of lies and deceit ;) Quote: I will remind readers once more of Malcolm Turnbull’s comments in his 2005 tax policy paper, where he described negative gearing and the CGT discount as a “sheltering tax haven” that is “skewing national investment away from wealth-creating pursuits, towards housing”, and has caused a “property bubble”. Turnbull also acknowledged that “Australia’s rules on negative gearing are very generous compared to many other countries” and that “the normal deductibility principles do not apply to negatively geared real estate such that the taxpayer is not obliged to demonstrate that the negatively geared property will generate positive cash flow at some point in the distant future”. http://www.macrobusiness.com.au/2016/03/coalition-swarms-into-cloud-of-negative-gearing-lies/?utm_medium=email&utm_campaign=Daily%20MacroBusiness&utm_content=Daily%20MacroBusiness+CID_2180fcefd25d0a34f884e2fa2ea29926&utm_source=Email%20marketing%20software&utm_term=Coalition%20swarms%20into%20cloud%20of%20negative%20gearing%20lies The CGT discount and taxation rules apply to all asset classes.

But negative gearing seems to be used and abused on the most unproductive assets !!

Sir lastnail wrote on Mar 12^th, 2016 at 8:43am:

crocodile wrote on Mar 11th, 2016 at 11:17am: Sir lastnail wrote on Mar 11th, 2016 at 10:59am: Check it out. The libbos caught out in a web of lies and deceit ;) Quote: I will remind readers once more of Malcolm Turnbull’s comments in his 2005 tax policy paper, where he described negative gearing and the CGT discount as a “sheltering tax haven” that is “skewing national investment away from wealth-creating pursuits, towards housing”, and has caused a “property bubble”. Turnbull also acknowledged that “Australia’s rules on negative gearing are very generous compared to many other countries” and that “the normal deductibility principles do not apply to negatively geared real estate such that the taxpayer is not obliged to demonstrate that the negatively geared property will generate positive cash flow at some point in the distant future”. http://www.macrobusiness.com.au/2016/03/coalition-swarms-into-cloud-of-negative-gearing-lies/?utm_medium=email&utm_campaign=Daily%20MacroBusiness&utm_content=Daily%20MacroBusiness+CID_2180fcefd25d0a34f884e2fa2ea29926&utm_source=Email%20marketing%20software&utm_term=Coalition%20swarms%20into%20cloud%20of%20negative%20gearing%20lies The CGT discount and taxation rules apply to all asset classes. But negative gearing seems to be used and abused on the most unproductive assets !!

Let government not reform: yay, let's all get tribalistic and do nothing forever  ;D ;D ;D