The Government will lose an ever-increasing amount of revenue under Treasurer Costello’s new superannuation tax concessions, writes Colin Teese, a former deputy secretary of the Department of Trade.Just what exactly is going on?! The Reserve Bank announces an increase of a quarter of one per cent in the official interest rate because of the risk of overheating in the economy.No sooner has it done so, than the Government brings down a budget characterised by large tax cuts and various other …
