Labor scraps key elements of controversial superannuation tax plan as Greens call move ‘gift to the super-rich’
by Dan Jervis-Bardy from World news | The Guardian on (#70Q48)
Jim Chalmers announces backflip on policy to tax unrealised gains on super account balances of more than $3m
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The Albanese government has backed down on its contentious superannuation tax plan, dumping the proposal to target unrealised gains after sustained criticism from sections of the media, industry and politics.
The treasurer, Jim Chalmers, announced the surprise change on Monday in a move that won praise from one of its most high-profile critics - the former Labor prime minister Paul Keating.
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