Superannuation investors may be slugged by higher tax rates said the Treasurer Wayne Swan yesterday. In a wide ranging speech on tax issues in Melbourne, Mr Swan said some Australians would lose and some would win from the reforms coming out of the Henry Tax Review.
High income earners could lose some tax concessions now available through superannuation. Tax payers with simple tax affairs could also be spared the need to complete a tax return under the proposed changes.
