Well that is just a difference in interpretation. Where do you you get "taxing on turnover" out of that. Not allowing a taxable loss against other income is just that and no more.
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Exactly
I will support taxable loss on investment property against other income if the government makes the interest on the mortgage for our family home tax deductible. That's never going to happen. Why, as a high income earner do I have to subsidise property investment?????
Interest is an expense against income in order to calculate profit.
Copied from Sgt Pepper's post....
"The hard-to-like Bill Shorten, on the other hand, actually had sensible policy that resonated with many. Shorten even stole some of Turnbull’s sensible ideas, such as removing negative gearing on investment properties"
Nothing to do with startups.