Is it a "retiree tax" grab or an end to "welfare for the wealthy"? Labor's pledge to make franking credits non-refundable has become one of the most hotly contested issues in Australia.
Depending on which side of politics you speak to, the proposal is either a massive tax grab (the Coalition) or the end of a loophole that benefits multimillionaires (Labor).
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
