From www.ifa.com.au: The proposed $3 million super tax by the Labor government has triggered significant pushback, yet both major political parties continue to propose policies that could undermine the tax system.
Critics argue that adjustments like taxing unrealised capital gains create a slippery slope that could lead to further detrimental changes in tax policy.
The erosion of established taxation principles is evident as both parties pursue temporary fixes rather than sustainable reforms.