By Jennifer Duke
The Wilson Asset Management chairman has been one of the most outspoken critics of Jim Chalmers’ plan to tax unrealised capital gains. Now, he has his own proposal.
Veteran fund manager Geoff Wilson has urged Treasurer Jim Chalmers to consider an alternative progressive tax arrangement for high-value superannuation funds that excludes taxing unrealised capital gains.
The proposal forms the basis of a two-page submission from the Wilson Asset Management founder to the Treasurer’s Economic Reform Roundtable, lodged on Thursday morning.
A copy of the submission, provided to Capital Brief by Wilson, outlines a proposed plan dubbed the “Progressive Super Surcharge and Tax Offset”.
Read the full article via the Capital Brief website here.
