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1,800 sign on to SMATS Group p...

1,800 sign on to SMATS Group petition on capital gains tax

We are pleased to announce that we have passed 1,800 signatures to our online Petition against the changes to Australian Capital Gains Tax affecting Expatriates and Foreign Investors

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.

Click here for more information or to join our petition.

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.

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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