Explanatory Memorandum(Circulated by authority of the Treasurer. the Hon. P.J. Keating, M.P.)
The estimated revenue gain from introducing the tax on capital gains is $5m in 1987-88 rising to $25m in the fifth year of operation.
The revenue effect of modifying the employee share acquisition scheme provisions has been taken into account in estimating the revenue gain from the tax on capital gains.