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I really support the intent of it, but clearly with these sorts of changes, there’s a lot of finer details that need to be looked at. If the intent is to close the loopholes for things like trust, where we have wealthier Australians essentially not paying tax because they can use the trust system, we have to make sure that we’re actually closing them down but not creating a burden for people who aren’t rorting the system.
- ▪I really support the intent of it, but clearly with these sorts of changes, there’s a lot of finer details that need to be looked at.
- ▪If the intent is to close the loopholes for things like trust, where we have wealthier Australians essentially not paying tax because they can use the trust system, we have to make sure that we’re actually closing them down but not creating
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17.55 EDTCGT Senate inquiry process ‘farcical’, David Pocock saysDavid Pocock says he’s long been a supporter of changes to the capital gains tax discount for investment properties, but the government’s reforms came as a surprise.He has some particularly choice words for the very short Senate inquiry process into the changes.Speaking to ABC RN Breakfast, Pocock says he wants to see further changes for small businesses, and ensure that loopholes for wealthier people are actually closed. double quotation markThe Senate inquiry was a bit farcical, you know, two days for such broad changes. I really support the intent of it, but clearly with these sorts of changes, there’s a lot of finer details that need to be looked at.
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