It’s an election budget with money to spend, driven by income and company taxes. It again relies on China, so as the economy and global growth stalls, the long-term revenues are doubtful with spending locked in.
Tag Archives | tax revenue
Peter Costello’s 2007 changes made payments from superannuation tax free after age 60 for those who are fully retired. Is he responsible for making super unaffordable which is now forcing policy changes?
The $32 billion ‘cost of superannuation’ number has become the most dangerous weapon used by critics of super tax concessions. Treasury says it’s not the amount that would be saved.