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Biden’s tax plan a threat for Aussie investors – The Australian Financial Review

K&L Gates international tax partners Mary Burke Baker and Betsy-Ann Howe say Biden’s tax plans are concerning for Australian investors.

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“Given the myriad of considerations necessary for Australians making such investments whether individuals, companies, superannuation funds or privately managed funds and the substantial Australian investment in US real estate whether residential build-to-rent, infrastructure or commercial this will be an area of continual scrutiny for Australian investors.
“This will have a significant impact on decisions relating to cross-border investment from Australia into the US.”
Mr Biden’s plan will see an…

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