Labor policy to stop refunding franking credits

Labor’s franking credit policy wasn’t significant vote changer, by itself

Labor’s pre-election policy of stopping most refunds of excess franking credits wasn’t a significant changer of votes by itself, but did contribute to the election loss, a review of Labor’s election campaign has found. The ALP has released its Review of Labor’s 2019 Federal Election Campaign. It finds that “Labor… Read More »Labor’s franking credit policy wasn’t significant vote changer, by itself

At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?

Written by Ben Phillips, Australian National University and Matthew Gray, Australian National University. Labor is banking on about A$5 billion per year from ending the cash payment of company tax refunds to dividend holders who don’t pay tax. It’ll exempt charities, non-profits, pensioners and part pensioners and other Australians on… Read More »At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?

Stopping refunds of franking credits doesn’t target wealthy, Alliance claims

The Alliance for a Fairer Retirement System claims that Labor’s franking credit policy doesn’t target the wealthy, pointing to the number of people receiving franking credit refunds and taxable income figures, while their own analysis tells a different story. The Alliance – which was formed in response to Labor’s franking… Read More »Stopping refunds of franking credits doesn’t target wealthy, Alliance claims

It’s hard to find out who Labor’s dividend imputation policy will hit, but it is possible, and it isn’t the poor

Written by Elizabeth Savage, University of Technology Sydney. Labor’s proposal to end cash refunds of unused dividend imputation credits is highly targeted. It certainly doesn’t apply to age pensioners, even part pensioners, courtesy of Labor’s Pensioner Guarantee. Self managed super funds set up by pensioners before the announcement are also… Read More »It’s hard to find out who Labor’s dividend imputation policy will hit, but it is possible, and it isn’t the poor

United Australia Party likely to oppose franking credit change

The United Australia Party is likely to join a number of other minor parties in opposing Labor’s policy to stop refunds of franking credits. “I support franking credits,” says United Australia Party (UAP) Senator Brian Burston on his website. “Retirees should have franking credits, regardless of income.” Under Labor’s policy… Read More »United Australia Party likely to oppose franking credit change