Treasurer Jim Chalmers says analysis will ‘help increase public awareness and inform debate about the fairness and efficiency of the tax system’
Superannuation tax concessions are costing the budget $50bn a year, with almost 40% of the benefit of tax breaks on earnings flowing to the top 10% of income earners.
That is one of the central findings of the tax expenditures and income statement, released by the treasurer, Jim Chalmers, on Tuesday.
Continue reading…Treasurer Jim Chalmers says analysis will ‘help increase public awareness and inform debate about the fairness and efficiency of the tax system’Superannuation tax concessions are costing the budget $50bn a year, with almost 40% of the benefit of tax breaks on earnings flowing to the top 10% of income earners.That is one of the central findings of the tax expenditures and income statement, released by the treasurer, Jim Chalmers, on Tuesday.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…