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”.
CGT changes will spark ASX hunt for yield. Goldman Sachs has 22 names
Investors will go where they can get the biggest bang for their buck. Under Jim Chalmers’ new regime, that means high-yielding stocks. But beware the traps.






