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' which is welfare. 'no its not its a tax refund - a refund of...

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dan1

18,518 Posts.

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16/08/19

15:44

Post #: 40018705
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Originally posted by Dave R: ↑

The company does not pay tax on behalf of it's shareholders as you know jwfc.
The company pays tax for itself.
It is only government largesse in Australia and one or two other countries that call it a franking credit.
And Australia is alone in the world in paying out franking credits as refunds, which is welfare.

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' which is welfare. '

no its not its a tax refund - a refund of tax paid by the company on behalf of its owners - the shareholders
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