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flag Australia scraps tax on retirement fund gains, keeps only realized gains tax, boosts benefits for 3.1 million.

flag Australia has reversed key parts of its proposed superannuation tax overhaul, scrapping the plan to tax unrealised capital gains in retirement funds amid widespread backlash. flag The revised policy now taxes only realised earnings, indexes the high-income threshold to inflation, and boosts the low-income super tax offset, benefiting up to 3.1 million people, including many women. flag The changes, expected to raise $1.6 billion in the first year, reflect feedback from experts and the public, aiming to preserve retirement savings while maintaining fiscal goals.

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