Well, in my case, I owned a small business & was also paid a wage like the other employees. I also put my "super" into my own SMSF, where I had control over the investments. The employees went into industry super, where they arguably had little control. As far as I knew/know, all Funds get the same tax treatment - SMSF's & Industry. All get franking credits. Are we all bludging on "other tax payers".
The social issue is that the sheep are envious of the shepherds. ALP & Greens thrive on that envy.
Small business people are not skilled super fund managers. I can vouch for that! Cheers, Japes.
- Forums
- Political Debate
- PM attacks franking credits crackdown
Well, in my case, I owned a small business & was also paid a...
Featured News
Featured News
The Watchlist
AGC
AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
MD
SPONSORED BY The Market Online