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this post was submitted on 31 May 2026
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Australian Politics
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Increasing CGT to one of the most expensive in the world doesn't need a citation... Engage in some basic thought.
You create a business, take on massive risks, fund it yourself even, then when you go to sell you're looking at essentially 100% capital gain
That's not extremely attractive. Why not create the business in New Zealand where that would incur 0% tax, because they don't have CGT?