The company is partly owned by shareholders.
Shares they paid for.
They only get income for the part that is owned by them...
Therefore it's only right that the income can be taxed in the hands of the taxpayer.
Or are you saying that when you deposit money at a bank you expect that the interest doesn't belong to you?
It should be taxed in the hands of the bank? heh?
Forget about franking credits.
That is not the issue.
You have a problem with people on low tax rates and concessions.
Debate that.
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