Talk of a $5M Cap on Superannuation Balances., page-25

  1. 5,456 Posts.
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    not sure where you get your info from but oil and gas and iron ore companies all pay big taxes , particularly after their expenditure write offs have been used up.
    It is also a myth about the big concessions on super. We pay the contribution tax up front forty or fifty years before we get to collect. Then super is also taxed during the accumulation phase and again when the pension stream starts if the balance is above a certain cap. We are the only country in the world that taxes at all three levels , and we are the only country that constantly changes the rules .
 
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