Amazingly, SMSF pensioners invested in Australian shares will be much worse off under the Labor franking policy than in the ‘bad old days’ when their pensions were taxed.
Author Archive | Geoff Walker
The logic on Labor’s franking policy demands an answer to one question: how does a franking credit refund differ from an employee receiving a PAYG refund after putting a tax return?
The critical point is that the number of first preference votes cast for minor parties in Victoria was greater than one quota. We got what we voted for, and the system allowed minor party voters to deny a major party seat.