#112 - Will Labor's Tax Catastrophe Destroy the Economy and Steal Your Bitcoin? 💥 💸

Join Matthew's Crypto Collective community for FREE and kickstartyour crypto journey! How to retire early & wealthy, how to navigate crypto, how to convert your Super to Bitcoin and expert strategies from amulti 7-figure investor:👉 https://www.skool.com/matthewfraserIn this episode of Crypto Collective, I discuss the controversial new unrealized capital gains tax that could significantly impact your superannuation fund, especially for those holding over $3 million. This tax applies even on unrealized gains, meaning you’ll need to pay taxes on profits that haven’t been realised through a sale. If you’re holding assets like Bitcoin in your SMSF, this policy could have a significant effect on your portfolio.I dive into why this tax is a major issue for retirement savings, and how it could lead to future tax implications for other assets, including property. I also explore why this policy is being introduced, the political back and forth surrounding it, and the impact it could have on your financial future. Should you still invest in Bitcoin within your SMSF despite this tax? Listen to find out how to navigate these changes and continue building your wealth.👉 COINSTASH: #1 Australian Crypto Exchange for your SMSFSick of your super sitting in stale shares and managed funds? With Coinstash, you can take control of your SMSF and invest directly into crypto.Get $100 free Bitcoin when you open a new SMSF account:👉 https://coinstash.com.au/auth/signup?a=cryptocollective👉 COINSTASH: #1 Australian Crypto Exchange for personal useJust getting started? Open a personal Coinstash account, make your first deposit, and you’ll get $20 in Bitcoin to kick things off.👉 https://coinstash.com.au/auth/signup?a=cryptocollective👉 𝗣𝗥𝗢𝗧𝗘𝗖𝗧 𝗬𝗢𝗨𝗥 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 - 𝗙𝗥𝗘𝗘 𝗖𝗢𝗡𝗦𝗨𝗟𝗧𝗔𝗧𝗜𝗢𝗡!Stop worrying about the security of your Bitcoin and let the cyber security experts, The Bitcoin Way, take the stress away.Book a free 30-minute consultation here:👉 https://bit.ly/TheBitcoinWay-Schedule-a-Call👉 𝗪𝗢𝗥𝗞 𝗪𝗜𝗧𝗛 𝗨𝗦. Collabs, sponsorships, and cool stuff, hit us up at: [email protected] fakes- Follow the ‘real’ Matthew Fraser:https://www.instagram.com/immatthewfraser/ https://www.tiktok.com/@immatthewfraser https://www.facebook.com/immatthewfraser/https://x.com/MatthewFra87388https://bit.ly/MatthewFraserLinkedInTimestamps:00:00:00 - Introduction0:01:34 - Discussion begins about the unrealized capital gains tax0:02:47 - Explanation of how the tax would work0:03:34 - Discussion of liquid vs. illiquid assets0:05:00 - Mention of Paul Keating's opposition to the tax0:06:39 - Discussion about the Greens' involvement0:07:45 - Social media reaction to the tax0:09:20 - Speaker's view that this could be a "test run" for broader taxation0:10:27 - Discussion of the Greens' policy0:12:08 - Reasons why Labor might be introducing this tax0:13:54 - Speaker's personal beliefs about taxation

There are no comments yet.

Please log in to write the first comment.