Wages are going backwards, loans are in arrears, companies are being kept alive by government support and an exemption from insolvency rules, yet still they are paying out dividends.
Westpac and the ANZ have suspended dividends payments. The National Australia Bank has slashed them. The peculiarities of our tax system explain why retirees hate this more than they should.
Chris Bowen on the budget and Labor’s policies
Shadow treasurer Chris Bowen tells The Conversation he accepts that big business will "lobby on their own path".