‘Grave concerns’ raised over Labor’s unrealised gains tax scheme
Nationals Senate Leader Bridget McKenzie discusses Labor’s plans to tax unrealised gains and what it means for the everyday Australian at large.
“Looks like you are going to be paying tax on unrealised gains on intergenerational assets, and it is going to have a huge issue for self-managed super funds,” Ms McKenzie told Sky News host Chris Kenny.
“We have grave concerns with this, as does Paul Keating, the grandfather of the superannuation scheme as well, so we are not alone in this being an absolutely abysmal economic policy for young people, for family farmers, for those who have self-managed super funds and for those in their 20s and 30s whose accounts will be significantly impacted over decades to come.”
