Federal Tax Review: Higher Superannuation to replace wage increases?

Tax academic John Passant says the Federal Government's plan to raise employer superannuation contributions to twelve per cent by 2020 is likely to mean lower wage rises. In an article on his blog, Passant says that the unions accepted higher superannuation instead of wage rises when Paul Keating was Prime Minister.

The Your Rights at Work campaign's Twitter account said yesterday each union's collective bargaining would vigourously oppose any trade-offs.

The News Limited website reports the Australian Chamber of Commerce and Industry has called the superannuation increase unacceptable.

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