I wont worry any more Rookstar , On ignore for a while. Was too depressing last time watching people with little understanding of tax and investment flows , cheering on a flawed ALP policy , which in the end , may well have given us the Morrison government.. Lots of good tax policy in other areas died with it. The present moves I agree with . Why? Because rather than attack the underlying ''tax paid '' aspect of credits , it aims to shutdown the shuffling of tax credits , artificially , into low or zero tax entities . Classic example , which I hope gets canned , is the off market buybacks with a large dividends , most advantageous for SMSF's in pension phase , primarily the banks.
Contrary to what Cutty probably thinks , my attitudes on franking credits do not arise from some boomer based greed. I am so far left of him economically it is not funny. So, come the revolution [ when I am in charge] , taxes on the retirement area will skyrocket , among other things. Franking credits were really just window dressing for the ALP, rather than a substantive policy. I'm pretty sure they knew that , but thought it would be good politics. Bad error.
