Australia's largest stock trading and investment forum Australia's #1 stock forum

The banks were always able to do special dividends to utilise...

First 167 Last

Share
Profile

Follow
Free will

13,068 Posts.

18

09/12/22

21:43

Post #: 65251009
Share

Originally posted by boomeronrations: ↑

I wont worry any more Rookstar , On ignore for a while.
Was too depressing last time watching people with little understanding of tax and investment flows , cheering on a flawed ALP policy , which in the end , may well have given us the Morrison government..
Lots of good tax policy in other areas died with it.
The present moves I agree with .
Why?
Because rather than attack the underlying ''tax paid '' aspect of credits , it aims to shutdown the shuffling of tax credits , artificially , into low or zero tax entities .
Classic example , which I hope gets canned , is the off market buybacks with a large dividends , most advantageous for SMSF's in pension phase , primarily the banks.

Contrary to what Cutty probably thinks , my attitudes on franking credits do not arise from some boomer based greed.
I am so far left of him economically it is not funny.
So, come the revolution [ when I am in charge] , taxes on the retirement area will skyrocket , among other things.
Franking credits were really just window dressing for the ALP, rather than a substantive policy.
I'm pretty sure they knew that , but thought it would be good politics.
Bad error.

Expand

The banks were always able to do special dividends to utilise franking credits but preferred off market buy backs as they do not adversely impact executive share remuneration.
Upvote

Reply

There are more pages in this discussion • 9 more messages in this thread...

First 167 Last