Opinion
Franking system fiddle will just create bigger problems
Treasury’s proposed changes will have wide and unintended consequences on small businesses and their shareholders, and even risk slashing company tax revenue, damaging the federal budget.
Jesse HamiltonChief Financial Officer at Wilson Asset Management.The Senate is considering a proposal from Treasury to make changes to the franking system.
The franking system is a clever solution to the challenge of double taxation, introduced in 1985 by then-treasurer Paul Keating and designed so that dividends are fairly taxed at the marginal rate of individual shareholders.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Tax & super
Fetching latest articles