Tag: superannuation reform analysis
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Proposed Superannuation Reforms Target Wealthy Australians for Fairness
Superannuation tax concessions have been a contentious issue, with the government proposing changes to address what many perceive as an unfair advantage for the wealthiest Australians. Currently, superannuation earnings are taxed at a concessional rate of 15%, a significant benefit for most individuals and a substantial advantage for the affluent who would face a 45%…