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The SMSF Association has identified several issues with the current measurement of super tax concessions by Treasury and has criticised the estimates for “distorting public debate”.
In a submission to the Tax and Revenue Inquiry, SMSFA chief executive Andrea Slattery said the large estimates of forgone revenue to the government from tax concessions “leads to a simplistic observation that lower tax concessions would provide a substantial revenue gain to the government”.
Read the full story at SMSFAdviser.