O
oilean
Guest
I cannot find if this has been posted before but
Has the eradication of indexation, as from 31 December 2002, been one of the most unprotested tax hikes in recent years?
This will lead to massive revenues for the government in years to come
I am not saying it is unfair to have or not have
The point is it kind of slipped by in the main without major protest
Without indexation people will pay CGT (albeit reduced to 20%) on the difference between purchase price and sales price (give or tale some expenses)
Great trick by the government and by a minister for finance who is always slagged of for giving to the rich and taking from the poor
Stu
Has the eradication of indexation, as from 31 December 2002, been one of the most unprotested tax hikes in recent years?
This will lead to massive revenues for the government in years to come
I am not saying it is unfair to have or not have
The point is it kind of slipped by in the main without major protest
Without indexation people will pay CGT (albeit reduced to 20%) on the difference between purchase price and sales price (give or tale some expenses)
Great trick by the government and by a minister for finance who is always slagged of for giving to the rich and taking from the poor
Stu