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Franking credit refunds PBO estimates in doubt, page-36

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JonnoH

16,319 Posts.

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15/03/19

12:40

Post #: 37773921
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Originally posted by logco: ↑

Johono it was what many of us on HC thought and what Morningstar said that they were based on the 2014/2015 tax year.
When Swann announced 4 years of budget surpluses that were never delivered were partly based on the iron ore price of $150 a tonne when the price at the time was more like $50 a tonne and other prices that were unrealistic and the spending went ahead resulting in deficits forecast out until 2017.
I still think that there will be changes to their tax grab before they get them through the senate because the tax is based on who you choose to manage your superannuation and it should not be,the tax is also based on the self interest of the unions and the ALP not what is fair.

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Well, if Morningstar did say that, rather than you thinking that’s what they said, then they are idiots because it is plainly wrong. The PBO have said they did take account of not yet implemented legislation and government policies.

Do you think Morningstar are that stupid?
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