‘THEY'LL TAKE 50% MORE TAX’ | Explosive Warning For Investors
Former NSW Parliamentary Budget Office chief economist Derek Francis joins Karl to explain why he believes Labor's proposed capital gains tax changes could have major unintended consequences for Australian investors. Francis argues the Treasury has materially underestimated how much tax Australians will actually pay, claiming many investors could face significantly higher effective tax rates than forecast. He warns the changes could make it harder for young Australians to build wealth, save for a home deposit and invest in growth assets. The pair discuss the impact on shares, crypto, housing, superannuation, small businesses and the broader economy, as well as why Francis believes the policy could reshape the way Australians invest for years to come. Watch the full interview now.
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