Budget capital gains reform will boost investment

Collecting more revenue from the largest gains on sales of existing assets while offering greater incentives to create new assets is a smart economic strategy.

The prospect of paying tax on a gain does not remove the incentive to buy an asset you expect to rise in value, writes Erin Weir. Pexels image by Monstera Production

Opinion

BY ERIN WEIR

April 29, 2024

A chorus of doom claims that applying income tax to somewhat more capital gains will chase away investment and doctors. A closer look suggests the modest tax reform in the April 16 federal budget will increase productive investment, while continuing to favour doctors over wa...

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