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WangChung

18,321 Posts.

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05/05/22

20:18

Post #: 61236109
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Originally posted by dkit ↑

About time this was done. The only change I would make is it apply from the first property.

Also need to drop the refundability of imputation credits. It's OK to allow a tax credit so the income isn't taxed twice. But refunding the excess credits is paying back the tax that was paid, is no nett tax to the government.

While I agree with Kerry Packer and paying the tax as legislated and not a cent more, in the end we need to pay some tax to ensure we get the services we want and need.

dkit

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Needs to be grandfathering provisions for either policy to be adopted in my view.
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