Australia’s super funds pay up to 33% less tax than advertised

How incompetant is the ATO ?

The tax paid by superannuation funds on their earnings is often less than 10%, much lower than the headline rate of 15%, according to research by the University of Technology Sydney. And in an industry worth $2.7 trillion, this means a huge difference in the tax take for government. Callum Foote reports.

via Australia’s super funds pay up to 33% less tax than advertised

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