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FMG’s Special Dividend: a Political Move?, page-6

  1. 5,161 Posts.
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    No. There was never any hint of a plan to do anything to franking credits. Only to cancel franking credit refunds which is an indefensible rort, regardless of how much personal benefit I hope to gain from it when I retire soon.

    Franking credits is designed to prevent double-taxing of company profits.
    If the dividend recipient pays no tax the dividend isn't being double-taxed!
    Therefore there is no argument that can justify refunding unused franking credits.

 
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