The raucous debate over Treasurer Jim Chalmers’ planned new tax on superannuation balances over $3 million has made it difficult to pinpoint how generous the tax settings are for super.
The purported “cost” to the government’s revenue of super tax breaks has been greatly exaggerated by Labor, Treasury and other critics.
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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
