Analysis finds taxing cash profits would lead to unacceptably high compliance and regulatory burden on funds and members
  • pHr34kY@lemmy.worldEnglish
    2·
    6 months ago

    What FUD.

    It’s bugger-all work to slap those calcs together. The ledgers are already unitised at member level and it’s only a couple of function calls to calculate unrealised gains for a given period.

    Even for defined benefit funds, you can pull quotes at two different dates to calculate gains with very little effort.

  • incogtino@lemmy.zipEnglish
    2·
    6 months ago

    This is a good article

    TLDR:

    Super funds already calculate your change in value of super assets, but not the taxable income on an individual basis, therefore the current proposal is minimally burdensome compared to only taxing realised gains