Taxing actual rather than unrealised super gains would mean ‘significant’ costs for millions of Australians, Treasury says

Analysis finds taxing cash profits would lead to unacceptably high compliance and regulatory burden on funds and membersGet our breaking news email, free app or daily news podcastTreasury says taxing actual instead of unrealised gains would have meant millions of super fund members were hit with “significant” compliance costs as part of a policy aimed at trimming concessions for just 80,000 of the country’s wealthiest savers.Labor’s proposal will put an extra 15% tax on earnings generated from super balances over $3m in an effort to make the super system more equitable and sustainable. Continue reading...

Comments

World news

'It will only get worse': Trump warns next round of Israeli strikes on Iran will be 'more brutal'

washington times

Comments

Similar News

Millions may see council tax bills rise by more than 5 per cent

Newcastle, the ‘Saudi tax’ and six players who fit new transfer plans

Gibraltar agrees 15% sales tax on goods in post-Brexit settlement with Spain

Rachel Reeves isn’t being totally honest with you about tax rises

Reeves won’t rule out ‘stealth’ tax freeze that could cost workers £324 a year

Council tax bills set to rise at fastest rate for 20 years after Reeves’s spending review

These tax rises are coming – and they’ll be bigger than you realise

Scoop: Bessent to take victory lap on tax revenue

Why Rooftop Solar Could Crash Under the Republican Tax-Cut Bill

Democrats have a dirty secret - they actually like some of the tax cuts in Trump’s ‘big beautiful bill’

‘We don’t feel wanted’: Why second-home taxes don’t just punish the rich

Newsom is warned of ‘criminal tax evasion’ if he withholds federal taxes

Speaker of U.S. House of Representatives downplays Musk’s influence on Trump’s tax and budget bill

Trump’s tax and budget bill was written for ‘hardworking Americans, not ‘to please’ Musk: Mike Johnson

Everything we know about Reeves’s spending review – and the tax rises that loom

Where your ever-increasing council tax bill is really being spent

UK supermarkets exploit tax loophole to produce cider at ‘pocket-money prices’

Pensions tax and capital gains raid likely targets for Reeves

‘The US was our El Dorado’: Africans on Trump’s travel bans and taxes

‘Austerity doesn’t work’: Why taxes will have to rise, by Labour insiders

World news

'It will only get worse': Trump warns next round of Israeli strikes on Iran will be 'more brutal'

Air India's sole crash survivor narrates his escape

Activists stopped in Libya and Egypt ahead of planned march on Gaza

Air India crash: The 4 main theories for what caused disaster that left hundreds dead

Gibraltar deal risks emboldening Argentina Falklands plot, warns Simon Weston

Inside Trump and Pentagon’s plan to take Greenland by force - ‘we’ll do it if necessary’

'I'm stranded in Israel by the strikes on Iran but want to get home to Ukraine'

Israel's strike on Iran and the four outcomes Benjamin Netanyahu just gambled on

Israel's Iran strikes could have knock-on effect for Putin and North Korea

Austrian school shooter shared chilling selfie before massacring 10 in classrooms

Air India plane crash investigators make huge announcement about search

'I was on the Air India plane hours before it crashed – I noticed something unusual'

Israel's Iran strike is 'most dangerous yet' – why that's humiliating for Trump

Trump demands a ‘Thank You’ from Newsom after appeals court delays bid to boot military from Los Angeles

Why anti-ICE protests are spreading across the US

Middle school teacher found guilty of giving marijuana-laced brownies to sixth graders

Long-distance stray: Cat stows away in shipping container from China to Minnesota for three-week journey

Why Israel and Iran’s escalation is unprecedented – and what it means for a teetering Middle East

Who were the top Iranian military commanders and nuclear scientists killed by Israel?

Israel-Iran: A timeline of hostilities between the two nations as tensions rise in the Middle East

Disorder breaks out at New Jersey immigration detention center

Passenger on Air India plane shares video of ‘nothing working’ hours before crash

Why is Israel attacking Iran? Tensions in the Middle East escalate

Army aims to build, repair drones 'in-house' as 3D-printing revolution accelerates

I've flown with Air India 20 times - it's often chaos but their planes are safe

Israel strikes on Iran could have a surprise side effect – and it's good for Ukraine

Trump breaks silence on Israel-Iran strikes: 'They're all dead now'

Sea turns red with blood as dozens of dolphins slaughtered to death in hunt

Insane moment Ukraine Air Force wipes out Russian positions in ruthless bombing attack

Meta sues deepfake ‘nudify’ app which uses AI to remove clothing from photos

Florida sheriff warns protesters ahead of nationwide rallies: ‘We will kill you dead’

Nightclub owner arrested following deadly roof collapse which killed 236 people

Pope confirms when millennial saint Carlo Acutis will be canonised

Mapped: the 40 cities where anti-ICE protests have erupted across the US

Calls grow for Kristi Noem to resign in the wake of Padilla incident

What to know about Israel's major attack on Iran

Diddy trial live: New witness to take stand after ‘Jane’ ends testimony on Vegas trip with mystery rapper

Air India flight forced into emergency landing after bomb threat

OPINION - Israel's strike on Iran will have perilous consequences for us all

Mongolia gets a new prime minister who pledged to address the economic demands of protesters

First millennial saint Carlo Acutis will be canonized Sept. 7, the pope says

Earthquakes damage centuries-old monasteries in a secluded religious community in Greece

Legion of Christ priest arrested in Mexico City airport on rape charge for alleged abuse of a minor

North Korea says repaired destroyer has launched, a claim met with outside skepticism

What to know about Iran's nuclear sites

What to know about the Group of Seven summit in Canada that Trump will attend

More great whites are visiting N.S. beaches. Is it time for a shark warning system like Cape Cod's?

Landlords to make £750m profits from taxpayer for housing asylum seekers

Trump’s humiliation is complete – his strongman image is in tatters

I am battling a bout of gout – it’s no joke

Trooping the Colour 2025: Full route, timings, how to watch and which royals will attend

Why has Israel attacked Iran? Understand the conflict in three minutes

I miss being able to run back to my parents’ home when life goes tits-up

Yung Filly faces further sexual assault charges in Australia

Who were the Iranian military chiefs and nuclear scientists killed by Israel?

Only survivor of Air India plane crash thought he was 'going to die'

It might rain on President Trump's parade