Opinion

Why the $3m super tax has turned into a mess

It may seem hard to argue against making people with high superannuation balances pay more tax, but implementing it is a dog’s breakfast.

John KehoeEconomics editor

Jul 31, 2024 – 1.18pm

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At face value, it may seem hard to argue against making people with superannuation balances above $3 million pay more tax.

After all, superannuation receives rather generous tax concessions on contributions and investment earnings.

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