Also, if it were to happen, wouldn't it mean that franked income producing assets become more popular?
If I'm going to pay 47% tax either way, surely an income where 30% of that tax is pre-paid becomes preferential (obviously as it is currently, if the option is 23.5% vs 30% the decision is reversed).
I know it is never that simple as one vs the other - but it could have some positives for FMG if it were to go ahead.
Iron ore price, page-30621
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$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| FMG (ASX) Chart |