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Viewpoints: could Labor's tax changes make the system fairer or hurt investors?

  • Written by Danielle Wood, Program Director, Budget Policy and Institutions, Grattan Institute

The Australian Labor party will scrap a system that refunds more than A$5 billion a year to low or zero tax paying investors, should they win government.

“Franking credits” are designed to stop tax being paid twice on Australian corporate profits, allowing shareholders a credit for the tax paid by the company. But when shareholders...

Read more: Viewpoints: could Labor's tax changes make the system fairer or hurt investors?

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