"There is no doubt that Messrs Henry and Swan are trying to soften us up. I thought the basic premise was to simplify our taxes. Now, how do they propose the higher taxing of super will work in practice? I see another layer of complexity.
Re not lodging of tax returns. My salaried daughter will be pleased. Currently she has no deductions. A $500 claim is a nice little windfall!!
This whole process is starting to look like a joke. A few of us accountants in the suburbs laid bets on the complete fiasco that it will end up being. Looks like another camel."