Oz Blog News Commentary

Super rorts are costing the budget billions

July 22, 2021 - 12:30 -- Admin

The ABC’ business editor Ian Verrender has published an explosive report on how Australia’s wealthy use Australia’s superannuation concession system to shelter themselves from paying taxes: Back in 1992, when compulsory superannuation was introduced, it was supposed to take the pressure off federal government finances; to augment the age pension. But superannuation tax breaks introduced

The post Super rorts are costing the budget billions appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]