From July, Australia will raise the maximum tax rate on inflation-adjusted, long-term crypto gains to 47%, compared with the 25% company tax rate. Finder.com founder Fred Schebesta has relocated to Singapore, while some clients of Ben Simpson are said to have already left the country, despite Australia’s departure tax potentially requiring asset sales. For active investors, incorporating a company can limit the tax to 25% on each capital gain, but administrative costs apply and withdrawals remain subject to personal income tax. Replacing the 50% long-term capital gains discount with an inflation-based adjustment makes the measure less beneficial, although Ben Simpson believes Bitcoin still offers stronger potential returns than exchange-traded funds.
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