Analysis finds taxing cash profits would lead to unacceptably high compliance and regulatory burden on funds and membersAustralia news live: latest politics updatesGet our breaking news email, free app or daily news podcastTreasury says taxing actual instead of unrealised gains would have meant millions of super fund members were hit with “significant” compliance costs as part of a policy aimed at trimming concessions for just 80,000 of the country’s wealthiest savers.Labor’s proposal will put an extra 15% tax on earnings generated from super balances over $3m in an effort to make the super system more equitable and sustainable. Continue reading...