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I'd personally welcome it :p

You'd need to then re-write the entire tax act and say that expenses are disallowed....so cap ex spending will cease and destroy the economy Not to going happen. NG is fairly unique, talking about offsetting investment losses against salary....allowing carry forward losses against income...

Of course losses would be carried forward and offset against future income. This is how the tax system works, just like running a business, which is what you should be doing rather than speculating.It's hardly the end of the world if NG is abolished.