GOOD!
You mean the big four that ripped Australians off for years as we all found out about in the royal commission?
Spiralling to irrelevance Fairfax. These kinds of scare campaigns are bloody appalling. Be ashamed. PS don’t ask for our support when your jobs are under fire from your new masters
My heart bleeds. 😐
Good
What analysts?
Channel 9 are in the house
Laudafinem bull$hit
Boo fucken hoo.
dazza_double_u Awesome
Labor= financial illiterates
Is it worth mentioning that Citigroup analysts have skin in the game? Nah, of course not. They are totally independent and unbiased.
Ooh. Terrible news if the “Shadowy” treasure has his way. First neg gearing to property then super! What else do they want to devalue once they get in? Be afraid people..... be very afraid!! 😳😨
This Bowen clown couldn't run a choko vine over a shthouse auspol
Didn’t take long for & theage to be pushing Nine Network to be the vested corporate interest line. auspol
So...what
And that’s fine since the public seems to subsidise big and small investors. It’s the lazy way to add shareholder “value”. Another way to rob from the public. If companies can’t provide value to grow their revenue organically then they should suffer investors dumping them.
the_LoungeFly So what.
Love it!
MinhKular Awesome news! About time!
Boo hoo, don't you feel sorry for the banks, especially since the ICAC inquiry
I say give the cash to the unemployed and stuff the cashed-up retirees
Great news stopping the grey gouge leaners and encouraging lifters
Oh shock horror rorts under threat dear me I think the sky is falling in what a load of bollocks
Big Banks quite happy to sponge off ordinary Australians taxes.
Gee, don't your heart bleed for 'em.
Well if so, then just do it. It survives the pub test. People hate the banks. Labor should not go too far into the center. It has to be the 'protector of the people' party.
Good
Crying shame that
good
TheKouk Huh? Labor's franking issue Citigroup's valuation of banks AFTER rule change: NAB $27.21 Westpac $26.18 ANZ $26.89 CBA $63.84 Yesterday's close: NAB $24.44 Westpac $25.52 ANZ $24.86 CBA $72.47
Could, should, would is the problem here. Banks are like giant casino with licence to print money. For them whatever govt do won't harm a bit.
The Media have gone into 'Henny Penny' mode: ' The Sky is falling The Sky is falling The Sky is falling!!!!!!!!!!!'
pedwards2014 Why are we not asking why franking credits form the major value of a big bank? You know the ones who have already been foind to be corrupt and ripping us off personally, now also sucking millions ( in value) from our government tax department!!
pedwards2014 It should never have been implemented in the first place. Imputation was created to stop double-taxation of company profits...once at profit line then again as a dividend in the hands of the shareholder. What we have now is the refunding of coy tax to the shareholders i.e. no tax
...how much is Citibank worth? auspol MSM
You know billshortenmp ..... take from the rich & spend it on the poor, dumb and lazy. Why bother being a self funded retiree when you have to support Labor’s Welfare Family. I’ll have all my $$$$ hidden away & go straight on the pension. Thanks Bill.
And the analysts are from...correct. A bank. No self interest here.
BULLSHIT....................................................
So bank share have been kept artificially high for years at the expense of average tax payers. Another rort put in place by a liberal government to benefit the top end of town!
Narrow and selective analysis. Yawn.
so? you say that like it's a bad thing - they are overvalued parasites
Which is exactly what Labor would like to see. Back in the fifties they wanted to nationalise the Banks, I'm not sure they have completely changed their collective minds.
SO in other words: In addition to stealing from their customers, banks have been receiving corporate welfare from taxpayers at the cost of liveable pensions, quality schools and properly staffed hospitals. Labour might stop that.
Bank’s own analysts, by any chance?
Could? should? would Or just fear mongering again. Which analysts? Who pays them? Only people that will lost banking credits are those that pay noe or very little tax.
Seriously? This Costello bright idea is fiscally unsustainable that simply takes money away from investing in schools, hospitals, healthcare, social services.
BANK S have sliced & diced their own value. FRAUD Theft Forgery
Refund implies the holder paid for them. Franking credits actually lead to people having a negative tax rate rather than zero.
More properganda from a news paper that struggles to write the truth. It's showing how much you lot are in cohorts with this goverment. Bring on media laws, its going to happen and you dickheads have no one to blame but your greedy self. SUCKED IN.
🤷🏾♂️
Let me get this right. Bank reports that bank shares will fall (over what period - unknown and for how long - unknown) unless they are propped up by public funds. Nothing to see here. Move along, move along.
analysts run a scare campaign
Meanwhile they announce multi-billion dollar quarterly profits...so, yeah.. little sympathy I think you’ll find.
So?
Axe franking cash splash. We pay too much to plump up banking profit margins. Even our dead pay.
Where's the problem?
It's not clear what to believe in an election period.....but i'm not sure there will be much sympathy for the greedy banks
Why is Frydenburgh brought out as an expert he's a DUNCE AND A LIAR he's a failed Energy minister took 2 years to come up with the NEG the LNP threw that in the bin and Turnbull out on his arse Frydenburgh has no CREDIBILITY on anything..
Ole story how do you start a medium & small business, start with a large & medium business respectively & then vote Labour - works everytime
faully33 Fantastic news thanks for Sharing theage
Good
So you’re saying Labor hasn’t thought about the consequences of their tax grabs? I’m so shocked!
What theyve been getting money for nothing too?
This is a case of the ALP cracking down on corporate welfare which is only fair...
Could says the analysis by another bank? Many things could happen but whether they do or not is another matter.... 😀
Citigroup. There’s an objective source.
These guys are just idiots. So many retirees have these.
You write like economic illerates quoting from a Liberal playbook. This is actually a good economic policy. HTAF can someone get handed money for nothing?! From the party that slams the dole every second week.
Awesome!
Outstanding
Is this on top of the billions already wiped off because the RC showed they were all crooks? Is it on top of the billions wiped out in the latest stock market plunge? And why are you regurgitating this when it is close to 6 months old? Maybe have a chat to Johnkehoe23
If only there was some kind of recent royal commission that showed us that banks give zero fucks about the general population and should not be trusted
The same banks who have been making several billion dollars a year in profits anyway? I could be wrong, but I am sure the ALP did say that any end of NG would be by a grandfather arrangement, meaning any arrangements in place at the time of changing, would remain in place.
That alone is reason enough to proceed
...and if their billions and billions of profits are used to invest 8n hospitals and schools, the issue is what exactly....?
bencubby Closing the loopholes, making the industry more competitive.
There are people still banking with the Big 4? Jolly good. We still have fools to vote for us!
bencubby They’ll be right.
bencubby Big bad boogie man of fairness 🤔 auspol
Excellent
Cool.
M'kay.
Good ... thieving tax-dodging banks should be nationalised
“The policy has been attacked by large numbers of self-funded retirees who claim the move will slash their incomes while supporters argue it will force retirees to use their superannuation rather than save it as a form of wealth accumulation.” Sounds like good policy to me 👍
I'm so broken hearted to hear that But que sera sera Have at them Labor The banks deserve everything they get
thats bad how
Labor do not seem to consider the impact their decisions have on superannuation when you retire. Healthy big business can equal health superannuation balances.