Rather than imposing a straight fine, taking away franking credits would ensure shareholders feel more pain when companies misbehave.
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Articles on franking credits
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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.
It’s the highest earning most wealthy shareowners who’ll be missing the cheques.
Retirees with superannuation balances of $1. pay and pay no tax and get annual imputation cheques of $63,000.
Both sides have different perceptions about how what the government characterises as a “retirement tax” - the franking credits change – will play out politically.
The latest polls show Labor holding a solid lead over the Coalition, while seat polls show that Tony Abbott may struggle to retain his Sydney seat.
If you can understand this, you might just understand the election. Here’s our quick guide to the language of dividend imputation.
Shadow treasurer Chris Bowen will pitch to many workers’ discontented with their lot, declaring in his first economic speech of the year that these people are being denied “a fair go”.
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.
Labor has capitulated to pressure to exempt pensioners from its plan to end cash refunds for dividend imputation credits.
Two government claims about the apparent boost to the economy of company tax are put to the test.
In 2003, US President George W. Bush campaigned on a 10-year ‘economic plan’ for “jobs and growth”. If it sounds familiar, it should.
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?
There is currently considerable interest in the practice of “dividend washing”. This refers to the practice of investors being able to trade shares cum-dividend for a period after the ex-dividend date…
Top contributors
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Professorial Fellow, University of Canberra
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Emeritus Professor of Finance, The University of Melbourne
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Professor, School of Taxation and Business Law, UNSW Sydney
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Professiorial Fellow, The University of Melbourne
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Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne
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Program Director, Economic Policy, Grattan Institute
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Director, POLIS: The ANU Centre for Social Policy Research, Australian National University
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Professor of Health Economics, University of Technology Sydney
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Lecturer in Law, Curtin University
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Law Professor, University of New England
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Visiting Fellow, Crawford School of Public Policy, Australian National University
