US Tax hike fears undermine upbeat data: Aus shares to open lower
23 Apr 2021 - Australian shares are tipped to open lower, following pessimistic sentiment from the US in response to multiple reports that President Joe Biden is set to raise taxes on high-income earners. Market pundits are predicting an increase of 19.6 per cent to 39.6 per cent in the capital gains tax rate for 7-figure earners to rejuvenate COVID-hit sectors of the US economy.