Mr Robinson told Australian newspaper The Age that his client was now "looking forward to resolving any outstanding matters with the Australian Taxation Office in accordance with the usual dispute resolution protocol".

BBC: Paul Hogan to sue Australia government

The pensions industry worries that the new proposals may undermine the successes of existing private pensions, already burdened by increases in taxation since Labour took office as well as by the legacy of the mis-selling scandal.

ECONOMIST: Savings in a spin

In the past, when evaluating tax proposals, neither the Congressional Budget Office nor the Joint Committee on Taxation were permitted to factor in the effect of economic growth on tax revenue.

FORBES: Congress Embraces Dynamic Scoring. Somewhere, Mitt Romney Shakes His Fist In Anger

Because the HAA harnesses the vast pool of money that is today distributed inefficiently through the tax break for employer-provided care, and then couples it with clever cost-control mechanisms, the Congressional Budget Office and the Joint Committee on Taxation have judged that the HAA will be revenue neutral or even revenue-enhancing within a few years.

ECONOMIST: Health care

The Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) estimate that the mandate alone, separate and apart from the other provisions in ObamaCare designed to induce people to buy insurance, will be responsible for bringing in 16 million newly insured about half of the total estimated number of newly insured.

FORBES: The ObamaTax Ensures Extraordinarily Expensive ObamaCare