The government’s decision to reintroduce inflation indexation to capital gains tax materially improves the after-tax case for domestic shares.Much of the debate has focused on the revenue impact and distributional effects, but for investors the more important consequence is that it strengthens the case for Australian equities relative to other asset classes.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Budget tax rules strengthen case for Australian equities
While the “home bias” is often seen as an investing mistake, the return of CGT indexation gives Australian shares an unbeatable edge over global markets.
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