Quote:
Originally Posted by Pierre
Looks Capital Gains is going to cop it.
There’s already a risk associated with investing.
So you invest your cash, and if you invest it wisely they’ll take more off you.
So if you invest it and lose it all, I doubt they’ll come and compensate you.
So then less people will be inclined to invest in the economy………….genius. There’s a policy for growth right there!
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Loss making ventures can be offset against profitable ventures, thus compensating investors by reducing the amount of tax paid.