Opinion
There is a simpler, fairer way to tax super above $3m
Australia will soon become the only pension system in the world to tax unreaslied capital gains.
Peter BurgessContributorThe federal government’s proposed new tax on superannuation balances above $3 million is taking Australia into virgin territory by proposing to tax unrealised capital gains.
No other pension system in the world taxes unrealised capital gains, and it’s not the way the Australian tax system works either.
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