Chalmers says Labor will push ahead with delayed super tax plan despite Spender urging rethink

Treasurer says changes are ‘relatively modest’ but are important in the context of the budgetGet our breaking news email, free app or daily news podcastJim Chalmers says Labor will push ahead with delayed changes to tax treatment for superannuation accounts worth more than $3m, stressing the moves are modest and will apply to politicians and public servants on defined benefit schemes.Coalition MPs – including newly re-elected Victorian Liberal Tim Wilson – want the opposition to go after Labor over plans to legislate the new super tax, which would mean earnings on retirement balances worth more than $3m are taxed at 30%, rather than the current 15% rate.Sign up for Guardian Australia’s breaking news email Continue reading...

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