The government’s planned changes to franking credits connected to share buybacks and capital raisings raise a legitimate question about the long-term future of dividend imputation.
When parliament resumes after the Voice referendum this month, the Albanese government will attempt to pass two tax law changes to curtail the use of franking credits by companies and their shareholders.
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
