Carrots and sticks

The Treasurer is clamping down on trust structures, education deductions and a range of offshore tax activity. Meanwhile, he’s promising new opportunity for infrastructure investors.

For investors, Wayne Swan’s 2013 budget is a classic mix of promise (in the form of potential infrastructure investments) and multiple progressive changes in the tax system that will incrementally improve the government’s bottom line (the most important this time are major cuts in allowable work-related expenses and an extension of PAYG).

In its broad sweep, the budget ranges between neutral to positive for most investors: It certainly creates no obvious impediments to the rising stock prices and improving housing figures we have seen so far this year.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles