FMG to pay a Special Dividend..., page-45

so as a part owner of a business where Company tax is attributed to your portion of earnings and you do not have sufficient income to reach the tax thresh hold you are saying part owners only have a conditional right to get a tax rebate against other tax paid and not more than the tax they have paid, well the most likely beneficiary of a scheme like that will be people who can manipulate assets and income to show whatever is beneficial to them leaving the lower income earners to Zero eligibility for tax refunds on franking credits ,The Labour party will increase tax receipts at the expense of shareholders of course they can readily provide no franking credits and leave shareholders with the tax issue.--------FMG is an outstanding example of what can be achieved within a capitalist system . Socialis m does not work which is the reality of Labour proposal most of whom have no fundamental idea of how free markets actually work.