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Franking credit refunds PBO estimates in doubt, page-2

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picastoc

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08/03/19

15:05

Post #: 37700737
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Originally posted by logco ↑

Contrary to what several Labor supporters have posted on HC the PBO has not considered superannuation changes since 2014.

Morning Star

The Parliamentary Budget Office says cash refunds for excess imputation credits are costing the budget $4.9 billion a year, based on 2014-15 tax data. The proposal is expected to generate $59 billion in government savings over 10 years.
Shadow Treasurer Chris Bowen says this money could be better spent on services, schools, education and paying down debt.
Note: The PBO notes the modelling does not consider several changes to superannuation and company policy implemented since 2014.

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lol

Yes, like that $1.6 million upper limit in super getting tax-free status. that was always the case that the PBO modelling was sus.
Just don't tell Jonno, though. He likes the fiction of the Labor Party....lol
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