The search for yield is back – and Treasurer Jim Chalmers is the driving force.Goldman Sachs’ Australian equity strategist, Matthew Ross, said in the lead-up to the federal budget in May that Chalmers’ proposed changes to capital gains tax would have a profound impact on how Australians invest in the local market. The changes were ushering in a bizarre situation in which Australians have “the most favourable tax treatment when it comes to dividends, and the least favourable when it comes to capital gains”.