Tax rich old men, restrict wealthy pumping pre-tax income into super: report

By Nassim Khadem
Updated November 25 2015 - 8:08am, first published 7:49am
Tax breaks for super reduce income-tax collections by more than $25 billion a year, according to a Grattan Institute report. Photo: Gabriele Charotte
Tax breaks for super reduce income-tax collections by more than $25 billion a year, according to a Grattan Institute report. Photo: Gabriele Charotte
There are enormous vested interests when it comes to super tax reform, says the Grattan Institute's John Daley. Photo: Chris Pearce
There are enormous vested interests when it comes to super tax reform, says the Grattan Institute's John Daley. Photo: Chris Pearce

Wealthy people who reduce their tax rates by pumping money into super should be stopped by severely limiting the amount of pre-tax income they can get concessions on and ensuring earnings in retirement are taxed, a Grattan Institute report says.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Cessnock news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.