Shareholders of companies raising equity capital could have their franked dividends disallowed under a new tax law proposed by the Albanese government, corporate tax advisers have warned.
The Senate on Wednesday night referred Treasury’s tax law amendment bill to the chamber’s economics committee, with the support of Coalition and crossbench senators.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
