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Australia's Planned Superannuation Tax Increase Faces Criticism over Unindexed Threshold
The Australian government will implement a tax increase on superannuation earnings exceeding \$3 million, starting July 1st, generating an estimated \$2.7 billion in revenue annually, despite criticism for not indexing the threshold which may cause its impact to increase significantly over time.
Australia's Planned Superannuation Tax Increase Faces Criticism over Unindexed Threshold
The Australian government will implement a tax increase on superannuation earnings exceeding \$3 million, starting July 1st, generating an estimated \$2.7 billion in revenue annually, despite criticism for not indexing the threshold which may cause its impact to increase significantly over time.
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