concessional tax rate

A former Treasury boss who led the last major review of Australia’s taxation system says the controversial stage three tax cuts that will benefit the highest earners should stay.Ken Henry says he understands why politically it would be a…

Wealthy businessman Dick Smith has revealed the extent of his failures at school where he assigned himself the name “Dick Miff” and came close to last in his classes. The multi-millionaire on Saturday – his 79th birthday – discussed his…

One-in-ten people would eventually be affected by Labor’s proposal to slash tax concessions on the biggest super balances according to new modelling revealed in parliament.Treasury has forecast 10 per cent of Australians will have enough…

Shadow Treasurer Angus Taylor has slammed the government’s “reckless” changes to the national superannuation policy after an old video appeared to show his previous support for the move.Appearing on ABC’s Insiders program on Sunday, Mr…

Prime Minister Anthony Albanese has been forced to rule out tax changes to the family home as “a bad idea” after Treasurer Jim Chalmers failed to rule it out on Sunrise.During a fiery round of breakfast TV interviews in the wake of proposed…

A seven-year-old clip of shadow treasurer Angus Taylor backing the idea of increasing super tax concessions for wealthy Australians has threatened to undermine his critique of a change to the tax rate. Anthony Albanese and Jim Chalmers on…

A tax concession designed to encourage Australians to save for retirement could be in the firing line as the government seeks solutions to its growing budget woes.It’s been described by the government as “one of the most important…