Treasurer’s Super Tax Changes Create $4 Billion Budget Shortfall

So-called “tweaks” to Jim Chalmers’ superannuation plan could create a multibillion-dollar Budget black hole, potentially requiring an increase in GST or changes to tax breaks on investment properties. While the revised plan is expected to have a $500,000 shortfall in its first year, this could escalate to $4.2 billion over four years, prompting discussions on alternative revenue sources.

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