Letter to the Editor - Tuesday, November 12: Please explain
KEVIN, the previous Opposition spoke about a budgetary crisis. The present government has reversed decisions trying to combat this.
The following examples are: $1.8 billion lost in the reversal of FBT on cars; $313m lost in not taxing super earnings over $100,000; unknown amounts lost in not tackling transferring profits overseas; funding junkets for professionals to have a holiday overseas; estimated loss of $1 billion from the decision not to reduce GST threshold for online purchases.
But the Government scraps superannuation incentives for lower paid workers.