NAB 0.00% $25.41 national australia bank limited

an incentive for shorting

  1. 6,716 Posts.
    Remember that John Howard changed the tax laws to make foreign companies immune from tax in Australia on capital gains.

    The gigantic - and probably overdone - selloff in stocks such as NAB may have something to do with this.

    A multinational insto may have much to gain by generating a big loss on stock held in an Australian domiciled entity - which could be offset against profits earned on other stocks - while generating a large tax-free profit on matching positions in an offshore account.

 
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