OPPOSITION Leader Tony Abbott says the coalition can’t commit to unwinding potential Gillard government changes that might raise the tax rate on superannuation earnings for wealthy Australians.
The government has been under fire over ongoing reports it wants to boost taxes on the super of wealthy Australians to find extra money for schools funding and the National Disability Insurance Scheme.
One option being considered is increasing the 15 per cent tax rate for high income earners, after last year’s budget included a hike to 30 per cent for those on more than $300,000 a year, Fairfax Media has reported.
Speaking on Wednesday, Tony Abbott said a coalition government could not pledge to roll back any changes made to super tax rates.
“I can’t make pre-emptive commitments in advance of knowing exactly what the budgetary position is,” Mr Abbott told Fairfax Radio Network.
“We will fight seriously against any of the changes the government seems to have in mind.
“But we can’t promise to undo all of the damage that this government has done.”
He said the government was “raiding the people’s savings to fund its spending”. –AAP