Exact(5)
"Fifteen per cent remains a very concessional tax rate.
"Yes it is an increase in taxation but it is still a very concessional rate of tax," Turnbull said in June.
So yes it is an increase in taxation but it is still a very concessional rate of tax and that is – it is very important – so super and transition to retirement still remains very concessional, but what we are doing is making the system fairer.
"Now, it is true that some people, around 4%, on high incomes and with high superannuation balances will have to pay some more tax on their superannuation account in the sense they will pay the 15% tax whereas previously they were paying nothing... 15% remains a very concessional tax rate.
"It is still very concessional rate of tax and, you know, as Julie [Bishop] has said, as I've said, as everybody knows our changes to super mean that 96% of Australians in the super system are either better off or unaffected".
Similar(55)
"Even with concessional financing through 2018, debt would remain very high for decades and highly vulnerable to shocks.
Now the concessional law that we passed with a special Swiss article is working very, very well.
We thus believe it is safe to assume that a very high proportion of CRD patients in this study were concessional beneficiaries.
The first allows catch-up concessional superannuation contributions.
Yet Mr Warsh had no trouble when the Fed was providing unlimited liquidity to troubled financial firms at concessional rates in exchange for dubious collateral during the teeth of the crisis.David Malpass, the former chief economist of Bear Stearns who unsuccessfully ran for the Senate in 2010, had a very different perspective.
The resources can take the form of grants or concessional credits (e.g., export credits).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com