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May 15, 2019 / News
Think Tax: What Alfred Hitchcock can teach us about tax
With all the nervous energy flying around, you’d think something big was happening this weekend. And of course, there is.
Many business owners and investors are apprehensive over the prospect of certain Opposition policies becoming a reality, such as abolishing franking credit refunds, the minimum 30% tax on trusts and reducing the discount on capital gains to 25%. In fact, the anticipation of this particular election has really hit fever pitch.
And that got me thinking about Alfred Hitchcock, the legendary “Master of suspense” filmmaker, who once said: “There is no terror in the bang, only in the anticipation of it.” It could well be that you are more on edge anticipating the election result than you will be when dealing with the repercussions, should the Opposition win. But – and of course there’s a “but” – that comes with one qualification: Are you prepared for those repercussions? Because if you are, well, you will likely have muffled the bang, leaving the terror to do its thing for only a few more days.
You see, at Nexia Edwards Marshall, we’ve been spending time thinking about the Opposition’s policies – how they might work, predicting answers to unanswered questions, and, assuming an Opposition victory, what you can do to put yourself in the best position. The whole point of which is when the bang comes – and it will – the terror is a faded memory from this week, and there is only peace of mind that your business and/investments are in the best place they could be, in spite of the bang.
Now, putting yourself in the best position to deal with upcoming changes requires one thing: our attention. We need a bit of time to focus on you. Focus on how the changes will impact you. And, just like a Hitchcockian thriller firmly focussed on the audience, make suitable recommendations for you. That’s why we are holding a seminar on Tuesday 28 May for clients and guests, to talk about how we can help you.
