Labor policy to stop refunding franking credits

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

Calling franking credits a ‘gift’ an insult to retirees: Morrison

Prime Minister Scott Morrison has accused Opposition Leader Bill Shorten of insulting retirees by calling refunds of franking credits a ‘gift’. Labor has a policy of stopping refunds of excess franking credits. Shorten used his budget-in-reply speech earlier in April to argue for the policy: “If the tax office pays… Read More »Calling franking credits a ‘gift’ an insult to retirees: Morrison