investors take $1.7bn hit to fund parent leave, page-12

Kellbys,

"Investors in the top 3200 companies will take a hit from the Coalition’s 1.5 per cent levy on major companies to pay for its parental leave scheme because they will not receive tax credits on the levy."

And every Australian Tax Payer that receives a dividend from Companies that have a lower Australian Tax Rate will have a smaller Tax Credit and a larger Income Factor in the process of transferring the profit from the Coy to the Shareholder.

What's that going to cost?

MI