Shareholders Association agrees Abbots PPL scheme will hurt investors.
It just keeps getting worse for Abbott, when will the backflip come on Abbotts signature Policy ??
http://www.abc.net.au/news/2013-08-21/abbott-defends-parental-leave-schem-as-criticism-mounts/4902232
Labor has attacked the Opposition's multi-billion-dollar paid parental leave policy as a "huge hit" to "every single worker" through their superannuation schemes.
The policy will be partly funded by a 1.5 per cent levy on big business which the Shareholders Association agrees will hurt investors because they will not be able to claim a franking credit on the tax hike.
Franking credits are a tax break given to investors on tax already paid by a company, to ensure profits are not taxed twice.
Treasurer Chris Bowen says the scheme is "Tony Abbott's giant raid on Australia's investors to pay for his unravelling signature policy".
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