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Myriam Robin

Stephen Jones gaslights retirees on buybacks

The federal government intends to abolish the use of franked dividends in off-market share buybacks. Its critics call it a broken election promise.

To our minds, though, the most egregious aspect of this is that Assistant Treasurer Stephen Jones doesn’t seem to understand the point of the tax minimisation strategy his government is abolishing.

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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/stephen-jones-gaslights-retirees-on-buybacks-20230312-p5crdb