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Old 21.08.2008, 12:47
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Re: Capital gains tax

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It could have been AUD 1,000 per hour. Still a lot though.
That sounds more like it! Quite agree, it's definitely not cheap, but when you are playing with big potential savings it makes it worth it to go to the place that should be able to give the best advice.

The thing with tax is that it is incredibly complicated. I had the UK tax legislation on my desk at work and it was 4 thick books, with small typing and very thin paper! And that's without the extra book just for VAT. And they get updated every year as the rules change. And that's just for one country. When you start looking at how these things interact with the legislation of another country things get rapidly even more complicated!

Frankly I'm glad to have escaped the tax world. Two months into the new job, and so far hedge funds seem much simpler
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