Labor government continues to proceed with capital gains plan
Superannuation experts are warning of a potential trap they claim is hidden in the government’s planned unrealised capital gains tax.
Labor intends to push forward with its legislation – starting with the taxing of superannuation funds over 3 million dollars, without indexation.
The government is relying on the projected 40 billion dollars in revenue to stem the flow of budget deficits.
Treasurer Jim Chalmers also dismissed suggestions that long-serving politicians would be exempt from the scheme.
