Careful... you may upset the beneficiaries of those fully refunded franking credits.
There is still a portion of society who feel they are entitled to the tax paid by corporate Australia - as if they themselves paid the tax. What a sad state of affairs.
Franking credits should only ever have the effect of keeping the tax paid at the corporate rate - not refunding it completely.
Classic example of introducing a stupid policy that now can't be retracted - because persons feel like it's their entitlement.
Anyway - just add it into the pile of bad policy.
Ann: July 2020 Investment Update, page-6
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