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Labor to scrap franking credit refund...This will be front page news today...., page-198

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lu888

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02/04/18

22:04

Post #: 32171533
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Originally posted by boomeronrations ↑

Hi Dolce,
Even as part of an overall policy, the franking credits changes will do more harm than good. Primarily by changing investment flows, making debt rather than equity in a company preferable. Direct and indirect property becomes more attractive.
If they are planning changes like taxing distributions from over 60's super funds, fc changes are unnecessary anyway, as most of the tax ,(to come from fc change) will be captured eventually.
Logic would suggest that they are not planning such a tax change but perhaps I am giving them too much credit.
The other advantage of an exit tax , is that will stop the premature cashing out of super, for such things as deposits for children, going on an aged pension.
Things which the super system were not actually supposed to be there for.
Cheers

Evil pensioners, bad luck on share profits, lets hit them where we can...

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https://www.smh.com.au/politics/fed...private-health-insurance-20180402-p4z7fg.html
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