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Retirement Commissioner failing to act on a FTT?

Peter Wakeman had the following reply:

The Retirement Commissioner acknowledges your interest in potentially using a financial transaction tax to fund superannuation costs; however, such a tax is one of many potential funding options (eg. increasing superannuation costs could equally be funded by increases in personal and corporate tax or increases in GST).

The Commission's 2016 Review of Retirement Income policies sets out the Commissioner's recommendations for the future of superannuation and potential policy settings that could be changed.

The Commission does not anticipate doing any work on a financial transaction tax at this time.

Peter Wakeman who is running in the Mt Albert by-election views the Retirement Commissioner's reply as unacceptable given it is her role to review retirement income policies.

© Scoop Media

 
 
 
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