Labor Lets the Super Wealthy Off the Hook
The Australian Greens have responded to the government's reworked superannuation tax bill.
"We will take a look at the detail here, but we're concerned that the government has further weakened what should be a tax to ensure the super wealthy top 0.5% pay their fair share of tax."
"It's clear Labor doesn't have the guts to tax big corporations and billionaires fairly."
"Of course low income people need some tax relief on their super contributions. This is something the Greens have called for for some time, so we will run the ruler over the changes to low income earners' superannuation."
"Labor has stripped out the tax on unrealised gains and indexed the $3 million threshold, a gift to the super-rich that will cost the budget billions."
Nick McKim, Greens Economic Justice spokesperson, expressed these concerns.
Author's summary: Labor's superannuation tax bill favors the wealthy.
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