shareholders to be denied franking credits

Shareholders will be denied franking credits if leave plan introduced

by: David Crowe, Mark Coultan
From: The Australian
August 21, 2013 12:00AM



SHAREHOLDERS will take a $1.6 billion annual hit from Tony Abbott's parental leave scheme by losing tax breaks on their dividends, sparking furious calls last night for the Opposition Leader to reveal the details of his plan.

Escalating the fight over the controversial policy, experts urged the Coalition to release the policy costings it has withheld for the past four days to clarify how companies would pay a 1.5 per cent levy to fund the scheme.