When is a tax not a tax?
There is an article in todays Australian Financial Review which quotes Paul Keating as saying "the 9% (compulsory) superannuation contribution was never designed to be a tax. I should know as I was treasurer - it should not be considered a tax".
However Dick Warburton, head of the current inquiry into tax, says "It is a tax impost on employers because they have to pay it. It is a complusory payment so therefore it does become a tax."
Isn't it wonderful how politicians like to view their time in the sun with rose coloured glasses.
What do others think? Are complusory superannuation contributions a "tax" should they be in their own special category called "complusory government imposed payments"?