Tag: super tax legislation
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Labor Stands Firm on Super Tax Plan Amid Coalition Criticism
Despite calls for a rethink from Independent MP Allegra Spender, Treasurer Jim Chalmers has affirmed Labor’s commitment to implementing the delayed changes to tax treatment for superannuation accounts exceeding $3 million. Chalmers emphasized the modest nature of the proposed tax adjustments, which would impact retirement balances above the specified threshold. How to Have an Epic…