User:AlexJago

PM-1 Capital Gains Tax reform
Put by: Andrew Downing

Motion
Adopt the following as a new section 6.7 of the Economic Reform policy.

Rationale
We want to close CGT loopholes as outlined in the policy:

"However, current CGT regulations provide unfair benefit to wealthy asset holders vs. regular income earners. There is a 50% discount on CGT, after an asset has been owned for 1 year. Further, CGT is commonly avoided by borrowing against the market value of an asset."