"excess of negative returns will not be claimable and the losses will NOT be carried forward as per share losses. In fact these new rules will impact upon share lending as per margin loans , derivatives . New shares will not be allowed to carry forward losses as present...."
I see, so if the tax nazis have a claim against me and I don't pay it (making it a capital loss for them) then they can't carry that claim over to the new financial year either?
"New shares will not be allowed to carry forward losses as present."
Well if I can't claim my losses then they can't claim tax on my profits..simple. Sounds like BS to me anyway.
And if the blatant and obvious THEFT isn't bad enough, wait till you see what they have lined up for your kids.
http://newsweekly.com.au/article.php?id=57810
Seriously are most people SO dumb that they will put this lunatics back into power with a majority at the nest election? Or are are they so dumb that they let the media manipulate them into voting emotionally without even bothering to look at the policies and schemes these crooks are concocting? (Not saying liberal are much better but geez....)
