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There’s no laughing at France – we’re next

Opinion: Markets have responded to France’s recent riots with shock not only because of the endless images of unbridled violence carried out on small business owners, but because France is a country that can no longer afford to buy internal peace. As Australians, we’ve long watched Europe’s fiscal troubles with a smug sense of economic self-satisfaction, but with falling tax receipts, rising bond yields and a tax saturation point – we’re closer to France than we think, writes Liam Garman.

ECONOMY • By Liam Garman

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Retrospective valuations: the dates already sitting in your client files

Most practices think of a property valuation as something you order when a client is about to sell. The dates that actually matter for capital gains tax are usually years earlier, and most of them have already passed by the time anyone asks.

TAX • By Mike Wilczynski, Chartered Accountant, Certified Property Valuer (Australian Valuers Institute) and Registered Tax Agent, CGT Property Valuations

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