Andrew Dickens Afternoons

Andrew Dickens: Capital gains Tax - Don't panic yet!

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Sinopse

The most amazing thing about this Tax Working Group report is just how much people want to talk about it. And that’s a good thing because the more we talk about things the more we can understand things and make the right decisions.Yesterday I opened the lines at one and then for three hours we have a never-ending stream of calls. I tried to change the subject to talk about zoos. But you wouldn’t have a bar of it.So imagine my surprise this morning as I was walking my dog that person after person came up to me and started talking tax. Do I look like an accountant?One dog walker used a good word and I warned her I’d use it this afternoon. She said the real reason for the Tax Working Group is for conditioning. To raise the spectre of a big old hairy chested broad and comprehensive Capital Gains tax to scare the bejesus out of us so that come April when the government releases a scaled-down property capital gains tax we’d breathe a sigh of relief.It’s a theory favoured by many, particularly in the business world.