Australia Passes Unrealised Gains Tax, But Politicians Stay Exempt

AUSTRALIA’S UNREALIZED GAINS TAX WILL BE A LESSON IN ECONOMIC SUICIDE

Australia seeks to turn theoretical wealth into actual poverty by taxing imaginary money. I hope the world is paying attention. I’ve spent years warning about the economic dangers of policies that attempt to tax wealth before it’s realized, and now, like a slow-motion train wreck, we’re about to witness exactly why those warnings matter. Australia’s new move to […] The post AUSTRALIA’S UNREALIZED GAINS TAX WILL BE A LESSON IN ECONOMIC SUICIDE ap…

Australia Passes Unrealised Gains Tax, But Politicians Stay Exempt

Australia will impose a 15% tax on unrealised gains in superannuation accounts above a $3 million threshold from July 1, 2025. Framed as the Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023, the change doubles the tax on earnings in excess of $3 million—raising it from 15% to 30%—and is projected to raise A$2.3 billion in 2027–28 and A$40 billion over the next decade. Under current law, earnings in the accumulation …