Shorten Tax Grab, page-6

Company retail buy-backs just got hit big time under this proposal given its attractiveness for self funded retirees that often own Australian equities as their growth asset, aside from property. Franking is an integral component to lift income returns especially under the current low interest rate environment.

As usual self funded retiree are just told to take their medicine for a lifetime of careful planning to fund their lifestyle needs. Most pollie's will not suffer as their excessive pensions are mostly guaranteed.