it is extremely pleasing ot report that over 1,800 people have now joined our petition against the proposed removal of the 50% Capital Gains Tax discount for Australian Expatriates and Foreign Investors.
This adds great weight to our important submissions from May 2012 and March 2013 and will stengthen our position to get the government to understand that these changes will have an adverse impact on the Australian economy.
it was recently announced that the Federal Budget looks like blowing out from a projected A$1.5 billion surplus to a A$20 billion plus deficit which highlights the importance of not descouraging vital economic activity created by foreign investor and expatriate buying activity, worth over A$19 billion dollars a year.
We have until the 5th April to collect as much support as possible for our petition so make sure you sign up and help us spread the word.
If we stand together there is a great chance of stopping this change. we should know the outcome by the Federal Budget which is released on the 14th May 2013.