It would be a mistake to think that just because higher earners face higher tax rates, that’s what they pay. When it comes to income from savings it’s the other way around.
Directors’ obsession with maximising shareholder value has sucked the liquidity out of companies, making them brittle in the face of crises.
Those who’ll miss out the most have very high wealth.
It’s the highest earning most wealthy shareowners who’ll be missing the cheques.
Under the system we’ve got, a $100 credit is a $100 credit, regardless of who gets it.
Labor’s proposal is a grab for money, disguised as something grander.
It’s one thing to oppose a tax on inheritances. It’s quite another to subsidise inheritances.
The media loves a victim, but sympathy for someone who won’t spend what they’ve got because they’re saving for their children is taking it too far.
Morrison appeared at a forum of seniors in the Victorian seat of Corangamite.
Both sides have different perceptions about how what the government characterises as a “retirement tax” - the franking credits change – will play out politically.
There are words you’ll need to understand. But imputation is complex, like the tax system.
Wes Mountain/The Conversation
If you can understand this, you might just understand the election. Here’s our quick guide to the language of dividend imputation.
The government in general remains in bad shape on multiple fronts, and.
Scott Morrison often sounds desperate.
Though it is generally believed a minor miracle would be needed to rescue the Morrison government, the Coalition judges the best way to “save furniture” is to wave the fear flags.
The latest figures put Australia near the top when it comes to company tax collections, even though our total tax take isn’t particularly high.
On one measure our company tax rate is the third-highest, but we like it that way because it allows us to give big tax refunds to local shareholders, many of them retirees.
Businesses who pay dividends to shareholders with tax credits attached pay more tax, new research finds.
The opposition initially said it would not change its plan but would ensure pensioners were protected in other ways.
Labor has capitulated to pressure to exempt pensioners from its plan to end cash refunds for dividend imputation credits.
Michelle Grattan speaks with Lawrence Pratchett about this weekend’s elections.
Bill Shorten came in for a caning in focus groups over his handling of the Adani issue.
Labor sources are talking down the chances of Ged Kearney in Batman, though the party is not writing off the seat.
Shadow Treasurer Chris Bowen says the cost of cash refunds has exploded.
Scrapping cash refunds on dividends could make the tax system fairer. But super funds could invest less in Australian companies.
Australian investors benefit from the country’s tax approach to dividends.
Before we consider scrapping dividend imputation it’s essential we consider the alternatives.
Australia’s relatively high corporate tax rate is said to deter foreign investors while the dividend imputation system does nothing to attract them.
If our dividend imputation system makes it unattractive for non-resident investors in Australian companies, why not extend tax offsets on franked dividends to them?