But Mr Shorten, despite repeating that those benefiting from the credits had not done anything"immoral" or"illegal", is maintaining a tough line on the reform."This generous gift going to some people purely on the basis they get dividends from shares and don't pay tax, it's costing $6 billion a year," the Opposition Leader said.
"We are closing loopholes, we're stopping spending money on franking credits, we're going to stop giving out tax cheques to people who haven't paid income tax. And instead, we're going to spend that money on pensioner dental."
Middle Class Welfare and the Same people complain about Centrelink helping the Needy
Franking credit beneficiaries are tax bludgers billshortenmp ScottMorrisonMP
They get a tax refund when they don't pay tax...how does that work....should be closed down .... pretty fair really
Yep . Shorten is right . Already on the public purse .
The public purse, what about this rort for Politicians, no mention of this by anyone.
I guess I am wondering if the beneficiaries of the Govt handout for not paying tax in the first place have a view about increasing the unemployment benefit which condemns the unemployed to live in poverty. I have this niggling suspicion of 'something for nothing' and 'parasites'.
Not all earnings are or should be taxed. Why don't you go after the big guns like GooglePlay or facebook . Self funded retirees will now spend their money and go on pension. So you will have more tax burden. We will help you lose! billshortenmp AustralianLabor 9NewsAUS
All working Australians have shares in their superanuation........This is bigger than the great booky robbery.
What’s happens if companies ditch franking credits all together? Then what happens
💩 💩 💩
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: abcnews - 🏆 5. / 83 Read more »