By Jasper Wells
Senate hearing on the capital gains tax discount continues to hear evidence from experts on whether it should be changed.
Geoff Wilson of Wilson Asset Management has told the committee that, “Australians see housing as an asset they have confidence to invest in”, with other assets such as stocks are seen as “higher risk”.
“A disproportionate amount of money has gone to the top 20 companies, and not smaller ones.”
He added that changes to the tax could move investment to smaller Australian businesses and boost flagging productivity.
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