Tue, December 17, 2024
[ Tue, Dec 17th 2024 ]: The New York Times
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[ Tue, Dec 17th 2024 ]: CTV News
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[ Tue, Dec 17th 2024 ]: RealClearPolitics
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[ Tue, Dec 17th 2024 ]: New Statesman
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[ Tue, Dec 17th 2024 ]: Politico
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[ Tue, Dec 17th 2024 ]: Graphic
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[ Tue, Dec 17th 2024 ]: CTV News
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[ Tue, Dec 17th 2024 ]: USA Today
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[ Tue, Dec 17th 2024 ]: CNN
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[ Tue, Dec 17th 2024 ]: The Irish Times
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[ Tue, Dec 17th 2024 ]: Sussex Express
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[ Tue, Dec 17th 2024 ]: Toronto Star
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[ Tue, Dec 17th 2024 ]: AOL
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[ Tue, Dec 17th 2024 ]: The New York Times
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[ Tue, Dec 17th 2024 ]: The West Australian
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[ Tue, Dec 17th 2024 ]: Business Standard
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[ Tue, Dec 17th 2024 ]: The Marietta Times
Canada's finance minister resigns: Unpopular Trudeau faces biggest test of his political career
[ Tue, Dec 17th 2024 ]: The New York Times
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[ Tue, Dec 17th 2024 ]: CBC.ca
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[ Tue, Dec 17th 2024 ]: Sydney Morning Herald
Never mind negative gearing. Australians pushed $67b through this tax vehicle
[ Tue, Dec 17th 2024 ]: Business Insider
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[ Tue, Dec 17th 2024 ]: Business Standard
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[ Tue, Dec 17th 2024 ]: Yahoo
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[ Tue, Dec 17th 2024 ]: The New York Times
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[ Tue, Dec 17th 2024 ]: NPR
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[ Tue, Dec 17th 2024 ]: Firstpost
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[ Tue, Dec 17th 2024 ]: The Financial Times
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[ Tue, Dec 17th 2024 ]: MSN
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[ Tue, Dec 17th 2024 ]: Politico
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[ Tue, Dec 17th 2024 ]: i24NEWS
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[ Tue, Dec 17th 2024 ]: MSN
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[ Tue, Dec 17th 2024 ]: MSN
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[ Tue, Dec 17th 2024 ]: MSN
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[ Tue, Dec 17th 2024 ]: MSN
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[ Tue, Dec 17th 2024 ]: MSN
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[ Tue, Dec 17th 2024 ]: The New York Times
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[ Tue, Dec 17th 2024 ]: MSN
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[ Tue, Dec 17th 2024 ]: Detroit News
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Mon, December 16, 2024
[ Mon, Dec 16th 2024 ]: The New Zealand Herald
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[ Mon, Dec 16th 2024 ]: Lincoln Journal Star
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[ Mon, Dec 16th 2024 ]: Politico Europe
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[ Mon, Dec 16th 2024 ]: Slate
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[ Mon, Dec 16th 2024 ]: MSN
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[ Mon, Dec 16th 2024 ]: MSN
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[ Mon, Dec 16th 2024 ]: MSN
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[ Mon, Dec 16th 2024 ]: MSN
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[ Mon, Dec 16th 2024 ]: MSN
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[ Mon, Dec 16th 2024 ]: MSN
Government closes local authority watchdog with 'vague' remit

Never mind negative gearing. Australians pushed $67b through this tax vehicle

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  Print publication without navigation Published in Politics and Government on by Sydney Morning Herald
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The record amount has flowed through a growing number of trusts to help Australians, mostly high-income earners, reduce their tax bills.
The article from The Sydney Morning Herald discusses the significant use of superannuation funds for tax minimization in Australia. Despite the ongoing debate about negative gearing, Australians have invested $67 billion into superannuation as a tax vehicle. This strategy allows individuals to reduce their taxable income by contributing to their super, which is taxed at a lower rate than personal income. The article highlights that this practice has become increasingly popular, especially among high-income earners, as a means to manage tax liabilities effectively. It also touches on the government's efforts to regulate these contributions to ensure the sustainability of the superannuation system, while critics argue that such tax benefits disproportionately favor the wealthy.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/politics/federal/never-mind-negative-gearing-australians-pushed-67b-through-this-tax-vehicle-20241217-p5kz2l.html ]