Greens Treasury spokesperson Adam Bandt MP today called on the government to be ambitious with its plans to reform the superannuation system and said the Greens support ending unfair tax breaks.
“Superannuation tax concessions are projected to cost the Budget more than the aged pension itself, so we need to rein in unfair tax breaks,” Mr Bandt said.
“Now is no time to be timid.”
“The Greens support raising revenue by reforming unfair tax breaks, like superannuation tax concessions.”
The Greens have proposed progressive taxation for superannuation that would raise $10.16 billion dollars over four years. Read the full proposal here.
Media contact: Adam Pulford, 0429 109 054