Eight independent MPs have teamed up to oppose the federal government’s plan to tax unrealised gains on superannuation balances above $3 million, as Treasurer Jim Chalmers struggles to win political support for the biggest revenue-raising measure in his budget.
Six teal MPs, plus two other so-called community independent MPs, jointly announced on Wednesday they oppose the design of Labor’s proposed additional 15 per cent tax on the earnings of larger superannuation balances.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
