Industry funds want end to tax breaks that favour the rich

Exclusive: The powerful industry lobby says the superannuation system unfairly benefits high-income earners and men

Tax concessions for superannuation that overwhelmingly favour the rich need to be overhauled, the powerful industry super fund lobby has told Treasury.

In a submission to a review of the super system being conducted by the department, peak body Industry Super Australia says the imbalance also means men get an outsized share of super tax breaks.

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from World news | The Guardian https://ift.tt/38Mgjs7