Original article by Joanna Mather, Primrose Riordan
The Australian Financial Review – Page: 1 & 4 : 26-Oct-15
Deloitte has released a report which proposes taxing superannuation in the same way that income is taxed. The flat tax rate of 15 per cent for super contributions would be replaced with a progressive tax system whereby low income earners would pay a contributions tax of just six per cent, while those on higher incomes would pay 34 per cent. Deloitte also proposes reducing the capital gains tax discount from 50 per cent to 33 per cent.
CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY