Our obscene debate about who is poor
While the debate about the fairness of abolishing cash refunds for "spare" tax credits has conflated poor people and those with good accountants, the two groups are quite easy to distinguish.
While the debate about the fairness of abolishing cash refunds for "spare" tax credits has conflated poor people and those with good accountants, the two groups are quite easy to distinguish.
The biggest losers from Bill Shorten's proposals will be individuals who pay little or no tax, given that the ability to use franking credits to offset taxable income will remain intact.
"It's not just changing demographics that are responsible for the growing Green vote - it's people like my family," says Greens leader Richard di Natale, who grew up in Reservoir.
Private companies could be tempted to pay large dividends if they were convinced Labor's imputation policy would be legislated in a bid to exploit the current system.
Frank Argondizzo, 67, is a rusted-on Labor voter and former manufacturing union official, and he has a bone to pick with Labor leader Bill Shorten.
Labor has time to review the impact of its proposal to axe cash dividend imputation credits on low income retirees, the party's candidate for Saturday's Batman byelection, Ged Kearney, said on Wednesday.
Arranging salary sacrifice with an employer has been an effective way for employees to save for retirement.
Bill Shorten's plan to ditch the cash refund on dividend imputation credits is at odds with his aim of robbing Peter to pay Paul and if the new gaggle of of Senators have any sense, they will send him back to his white board.
Labor's plans to end cash refunds for excess dividend imputation credits has set the scene for a bidding war with the government over income tax cuts.
The bank hybrid market appears to be one of the scalps of Labor's plan to close the imputation loophole if it wins power.
Retirees will be tempted to buy into risky, high yielding investments in an effort to replace the income they stand to lose from Labor's lat...
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