Will the new CGT changes push retail investors toward sports betting?
With the new rules coming next year (axing the 50% discount for a 30% minimum tax on real gains), investing in shares is taking a hit. Meanwhile, sports betting winnings remain 100% tax-free.
Do you think the new laws will drive people who usually buy monthly ETFs to punt on the TAB instead just to keep 100% of their profits? Or is the risk profile too different for anyone to actually make that jump?
u/ramonmuaythai — 2 days ago