ATO data set suggests Div 296 not the narrow tax it’s being sold as: auditor
Naz Randeria, director of Reliance Auditing Services, said Div 296 “crosses a line” that superannuation policy has never crossed before. “It taxes accumulated capital, not behaviour. Once that principle is accepted, there is no logical barrier to extending it beyond super. That should concern anyone who values certainty in Australia’s tax system,” Randeria said. “ continues to be presented as a narrowly targeted measure aimed...
Read moreDetails
