quote"Mrs Rinehart, who is worth $17.1 billion, emailed her son and three daughters just days before the trust was to vest, warning they each faced a potential capital gains tax liability of $100 million."
Read more: www.theage.com.au/national/rinehart-feud-one-day-soon-my-brother-and-sisters-will-regret-putting-money-before-family-20120309-1uofs.html
To be fair I wish myself to face similar problems as paying 100 mln of tax every year ! 
To be fair I could even pay the full amount at highest income tax rate , 33 % not 5 to 10% as all the richest on the planet do.
Just give me a chance !!
Interesting article about mining and the taxes that are paid by miners in the SMH today. I'm using an iPad so couldn't be bothered to cut and paste the URL.
In a way it would be more just and would create more wealth to reduce corporate taxes to a very low rate and make up the revenue shortfall from mining and consumption taxes. Apparently the minerals of Australia belongs to all Australians. Once the minerals a dug up and sent off they are gone for ever. Lower company tax would encourage more business activity and increase wealth right around Australia.
Yeah there are worse problems to face than trying to work out how to pay your cgt liability, unless of course you've already blown all your gains away and have no money.
Lucky to say that Lang was a friend. talked with him for hours, money
was not a burden to him.....couldnt enjoy the Gina, its a goanna grabber, 
Moby,....." Lower company tax would encourage more business activity and increase wealth right around Australia". Really? haven't we tried the "trickle down effect". Give companies a bigger tax break.......and that increases the wealth "right around Australia"? I just don't see how one automatically follows the other.
"Life is hard for the....richest" you say.
I guess thats why my life is so easy and happy.
Funny how tory ideaology says the only way for economic prosperity is to transfer wealth from the poor to the rich. Business people often get confused betweeen whats good for the economy and whats good for their own back pocket.
Reckon the horrible old battleaxe Rhinehart has siphoned off all the dough in that trust for the kids (that old Lang set up years earlier) either that or it tried a good old tax dodge and tried to keep it under the carpet , don't get that rich without screwing someone over along the way
I don't know why everybody gives Gina and the likes such a sledging because of the supposed 17 billion she or they might be worth.
It's not like these people have all that money stashed in a cupboard somewhere so they can take it out and play with it when they are feeling depressed.
It's not even real money. It's what their share of the business might be worth if they flogged it off tomorrow to the Chinese. And of course then everyone would be up in arms about selling off the farm to overseas interests, as usual.
In the meantime, their share of the business is used generate jobs to pay highly unqualified truck drivers $150,000 a year and super highly unqualified lollypop traffic directing persons $80,000 a year, and all degrees of unqualifications and salaries in between.
If the business was flogged off tomorrow and the money distributed to the hangers on, all and sundry, within a few years the whole business would be defunct and employing nobody.
Isn't this exactly what has happened in so many African countries like Rhodesia (now Zimbabwe) where what used to be the most prosperous countries in Africa, now don't even have the ability to fix their roads or worse still, feed their own people.
And no, I don't know Gina or Twiggy or any of the others. But I think if someone spends their whole life building up a worthwhile business and asset which generate very well paid employment for others, while most of the rest of the country is pissing their profits up against a wall somewhere, then they should have the right to hang on to what they have achieved
