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Labor to scrap franking credit refund...This will be front page news today...., page-77

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picastoc

28,848 Posts.

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19/03/18

22:47

Post #: 31870843
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Originally posted by Old Engineer ↑

Be interesting to see how both parties policies evolve on this in the lead up to the next election. I read yesterday that Labor are looking at a $5K cap on cash franking credits.

Unless something like this is done this proposal will affect a lot of people that are too poor to pay much tax but don't want to accept the pittance banks pay on deposits.

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I will be amazed if they cap the cash back credits at $5,000. That will put a much reduced amount into their coffers.
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0 Great analysis

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