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SMSFs avoidance on tax, page-3

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Sabbath

11,694 Posts.

473

27/08/14

07:40

Post #: 13877398
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Originally posted by cafa ↑

Also reported, same article, in the AFR. One day the AFR will actually start using top rate journos rather than redistributing standard group cut and paste material.

Someone somewhere has been orchestrating a media campaign for many months now as these stories keep popping up in one guise or another.

No where does it mention that some us us have paid tax at 30% on the way in. When they compare to UK and US they fail to mention that in these jurisdictions the money going in is 100% untaxed, and untaxed within the fund, so rightly they tax it on the way out. In the US you can contribute up to $283,000 in one year and claim a 100% tax allowance on said $, should you be in a position to do so.

If they don't stop tinkering with Super / Tax rules there is no incentive for anyone to save - when will they ever learn. Business need clarity and stability of the rules and so do individuals. Cut government spending on the 1000's of special interest group deals.

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selective journalism, don't bother to get the real facts, or analyse the final overall results.
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