'Labor’s reforms to excess dividend imputation credits will crack down on a tax loophole that mainly benefits millionaires who don’t pay income tax, and we’ll use the money we save to improve our schools and hospitals.
Under Labor’s plan, no Australian will lose a cent from their super contributions, no one will lose a cent from their pension and no one will lose a cent from their share dividends. Not a single cent.
And we’ll protect Australian pensioners – with Labor’s new Pensioner Guarantee.'
Rose coloured glasses.
1) The only people that can lose here are Australians as it doesn't apply to foreigners.
2) Nearly every homeowner in Sydney is a millionaire, with Melbourne catching up.
3) The only people eligible for the refund and without taxable income - ie pensioners - will lose the refund.
4) Yes, taking money away from someone means they are losing it.
5) He's back peddling so fast he'd have beaten Cadel Evans - in reverse - on the Tour de France.
