Labor will tax super savers twice under proposed ‘wealth tax’: Taylor
Hannah WoottonReporter
Many superannuation savers will pay tax twice on earnings in their retirement nest eggs as a “natural consequence” of how Labor plans to increase the tax paid on high-balance accounts, according to shadow treasurer Angus Taylor.
The move would set a “dangerous precedent”, he said, slamming the proposed reforms as “a bad tax, bad policy and wealth tax”.
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