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Joyce Moullakis

Jim Chalmers must get back to the drawing board on super tax measures

Tinkering in the wrong way with superannuation to bolster the tax intake is dangerous. AMP’s Alexis George urges a government rethink.

There are a multitude of reasons directing Treasurer Jim Chalmers back to the drawing board on his contentious superannuation tax proposal.

If you’ve missed the frenzied and heated debate, the government is readying to double the tax rate on super balances above $3 million, in a measure that includes taxing unrealised gains – paper profits – on investments. The threshold is not being indexed to account for inflation.

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Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au

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