Billion of dollars worth of Australians’ retirement savings are being invested into new fossil fuel projects although several super funds are starting to push big polluters to act on climate change.
Source: Super funds investing billions into new coal and gas – Michael West
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
olddogthoughts 